Corning Elmira Musical Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 360,821 | 365,233 | −4,412 | 11.6 | 21% |
| 2012 | 333,154 | 347,775 | −14,621 | 15.1 | 23% |
| 2013 | 309,775 | 295,786 | 13,989 | 19.6 | 19% |
| 2014 | 378,694 | 320,272 | 58,422 | 21.2 | 18% |
| 2015 | 313,225 | 354,076 | −40,851 | 17.1 | 14% |
| 2016 | 284,181 | 342,278 | −58,097 | 15.0 | 20% |
| 2017 | 328,226 | 347,450 | −19,224 | 9.3 | 21% |
| 2018 | 287,111 | 335,051 | −47,940 | 8.4 | 22% |
| 2019 | 337,286 | 317,409 | 19,877 | 9.9 | 24% |
| 2020 | 334,189 | 298,089 | 36,100 | 12.0 | 27% |
| 2021 | 285,632 | 155,354 | 130,278 | 36.9 | 52% |
| 2022 | 499,336 | 375,051 | 124,285 | 18.4 | 26% |
| 2023 | 369,630 | 408,833 | −39,203 | 16.3 | 23% |
| 2024 | 380,096 | 417,718 | −37,622 | 15.5 | 28% |
In its most recent public year (2024), this organization spent $37,622 more than it brought in. Its reserves stood at about 15.5 months of spending, up from 11.6 in 2011. Staff pay was 28% of spending. $88,283 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 2024. 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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