Brooklyn Music School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 677,513 | 698,670 | −21,157 | 3.8 | 67% |
| 2012 | 613,616 | 633,318 | −19,702 | 4.0 | 65% |
| 2013 | 754,615 | 728,023 | 26,592 | 4.0 | 58% |
| 2014 | 1,037,659 | 929,158 | 108,501 | 4.7 | 72% |
| 2015 | 1,381,227 | 1,406,896 | −25,669 | 2.8 | 75% |
| 2016 | 1,576,070 | 1,626,767 | −50,697 | 2.1 | 75% |
| 2017 | 2,025,155 | 2,076,986 | −51,831 | 1.4 | 71% |
| 2018 | 2,815,153 | 2,801,520 | 13,633 | 1.1 | 67% |
| 2019 | 3,112,009 | 3,312,398 | −200,389 | 0.2 | 68% |
| 2020 | 2,821,132 | 2,619,702 | 201,430 | 1.6 | 69% |
| 2021 | 2,649,191 | 2,286,896 | 362,295 | 3.8 | 65% |
| 2022 | 3,624,243 | 3,051,960 | 572,283 | 5.4 | 67% |
| 2023 | 3,380,543 | 3,016,425 | 364,118 | 6.9 | 66% |
In its most recent public year (2023), this organization brought in $364,118 more than it spent. Its reserves stood at about 6.9 months of spending, up from 3.8 in 2011. Staff pay was 66% of spending. $103,137 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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