Sound Recording Special Payments Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 289,607 | 373,300 | −83,693 | 234.8 | 51% |
| 2021 | 10,901,643 | 10,024,289 | 877,354 | 9.9 | 11% |
| 2022 | 13,023,174 | 11,677,493 | 1,345,681 | 9.6 | 10% |
| 2023 | 14,238,259 | 13,313,129 | 925,130 | 9.2 | 9% |
In its most recent public year (2023), this organization brought in $925,130 more than it spent. Its reserves stood at about 9.2 months of spending, down from 234.8 in 2020. Staff pay was 9% of spending. $10,242,163 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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