Charleston Academy Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 197,315 | 175,270 | 22,045 | 10.9 | 38% |
| 2021 | 433,783 | 336,074 | 97,709 | 9.2 | 39% |
| 2022 | 414,301 | 376,025 | 38,276 | 9.4 | 37% |
| 2023 | 515,436 | 401,936 | 113,500 | 12.2 | 33% |
In its most recent public year (2023), this organization brought in $113,500 more than it spent. Its reserves stood at about 12.2 months of spending, up from 10.9 in 2020. Staff pay was 33% 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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