Inuit Art Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 765,569 | 1,093,775 | −328,206 | 3.3 | 26% |
| 2013 | 118,024 | 263,949 | −145,925 | 6.4 | 0% |
| 2014 | 562,172 | 297,266 | 264,906 | 15.3 | 0% |
| 2015 | 727,479 | 541,021 | 186,458 | 11.1 | 12% |
| 2016 | 677,921 | 491,267 | 186,654 | 16.4 | 16% |
| 2017 | 1,369,830 | 1,541,840 | −172,010 | 3.2 | 9% |
| 2018 | 1,440,018 | 1,331,529 | 108,489 | 4.8 | 25% |
| 2019 | 1,140,151 | 1,002,552 | 137,599 | 8.0 | 49% |
| 2020 | 1,514,312 | 1,345,145 | 169,167 | 6.7 | 50% |
| 2021 | 1,586,726 | 1,204,461 | 382,265 | 12.4 | 58% |
| 2022 | 1,946,916 | 1,433,400 | 513,516 | 14.2 | 57% |
| 2023 | 1,963,170 | 2,377,366 | −414,196 | 5.9 | 44% |
In its most recent public year (2023), this organization spent $414,196 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 3.3 in 2012. Staff pay was 44% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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