Opus 118 Harlem School Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 517,014 | 515,526 | 1,488 | 4.9 | 51% |
| 2021 | 347,065 | 404,832 | −57,767 | 4.5 | 50% |
| 2022 | 361,648 | 402,409 | −40,761 | 3.3 | 49% |
| 2023 | 389,439 | 384,103 | 5,336 | 3.7 | 56% |
In its most recent public year (2023), this organization brought in $5,336 more than it spent. Its reserves stood at about 3.7 months of spending, down from 4.9 in 2020. Staff pay was 56% of spending. $1,056 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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