Ipswich Music Art & Drama Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 111,212 | 104,696 | 6,516 | 5.0 | — |
| 2020 | 34,481 | 26,627 | 7,854 | 23.2 | — |
| 2021 | 21,110 | 28,088 | −6,978 | 19.0 | — |
| 2022 | 28,188 | 29,955 | −1,767 | 17.2 | — |
| 2023 | 25,391 | 31,221 | −5,830 | 14.2 | — |
In its most recent public year (2023), this organization spent $5,830 more than it brought in. Its reserves stood at about 14.2 months of spending, up from 5 in 2019.
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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