Korea Music Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,671 | 43,883 | 788 | 15.8 | 0% |
| 2012 | 45,357 | 45,709 | −352 | 15.1 | 0% |
| 2013 | 43,134 | 50,939 | −7,805 | 11.7 | 0% |
| 2014 | 74,796 | 61,513 | 13,283 | 12.3 | 0% |
| 2023 | 132,970 | 89,294 | 43,676 | 7.1 | 4% |
In its most recent public year (2023), this organization brought in $43,676 more than it spent. Its reserves stood at about 7.1 months of spending, down from 15.8 in 2011. Staff pay was 4% 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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