Bangor Symphony Orchestra
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,084,597 | 666,508 | 418,089 | 50.7 | 28% |
| 2021 | 928,953 | 595,174 | 333,779 | 73.1 | 31% |
| 2022 | 1,063,559 | 844,905 | 218,654 | 47.4 | 24% |
| 2023 | 866,598 | 1,004,403 | −137,805 | 41.6 | 21% |
In its most recent public year (2023), this organization spent $137,805 more than it brought in. Its reserves stood at about 41.6 months of spending, down from 50.7 in 2020. Staff pay was 21% of spending. $3,152,031 of its net assets are donor-restricted.
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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