The Music Education Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 32,388 | 29,264 | 3,124 | 1.8 | — |
| 2020 | 63,444 | 32,420 | 31,024 | 17.1 | — |
| 2021 | 154,009 | 127,201 | 26,808 | 7.0 | — |
| 2022 | 236,584 | 212,527 | 24,057 | 5.5 | 21% |
| 2023 | 502,523 | 284,118 | 218,405 | 13.4 | 25% |
In its most recent public year (2023), this organization brought in $218,405 more than it spent. Its reserves stood at about 13.4 months of spending, up from 1.8 in 2019. Staff pay was 25% of spending. $19,500 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
The Music Education Group Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works