Millennial Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,068,115 | 2,223,900 | −155,785 | 1.5 | 39% |
| 2020 | 1,918,079 | 2,055,186 | −137,107 | 0.8 | 42% |
| 2021 | 1,929,698 | 1,777,932 | 151,766 | 1.9 | 52% |
| 2022 | 2,508,809 | 2,599,272 | −90,463 | 0.9 | 50% |
| 2023 | 2,611,543 | 2,780,198 | −168,655 | 0.1 | 45% |
In its most recent public year (2023), this organization spent $168,655 more than it brought in. Its reserves stood at about 0.1 months of spending, down from 1.5 in 2019. Staff pay was 45% 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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