Institute Of Musical Art
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,579,112 | 510,589 | 1,068,523 | 228.5 | 0% |
| 2012 | −59,812 | 502,254 | −562,066 | 218.9 | 0% |
| 2013 | 0 | 493,323 | −493,323 | 241.0 | 0% |
| 2014 | 0 | 491,945 | −491,945 | 265.0 | 0% |
| 2015 | 0 | 506,858 | −506,858 | 252.9 | 0% |
| 2016 | 0 | 524,739 | −524,739 | 223.6 | 0% |
| 2017 | 0 | 524,130 | −524,130 | 244.9 | 0% |
| 2018 | 0 | 524,091 | −524,091 | 254.0 | 0% |
| 2019 | 0 | 545,277 | −545,277 | 240.7 | 0% |
| 2020 | 0 | 541,890 | −541,890 | 232.8 | 0% |
| 2021 | 0 | 556,638 | −556,638 | 293.6 | 0% |
| 2022 | 0 | 577,228 | −577,228 | 261.0 | 0% |
| 2023 | 0 | 618,517 | −618,517 | 239.5 | 0% |
In its most recent public year (2023), this organization spent $618,517 more than it brought in. Its reserves stood at about 239.5 months of spending, up from 228.5 in 2011. Staff pay was 0% 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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