Guitar Center Music Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 472,427 | 201,935 | 270,492 | 26.7 | 36% |
| 2012 | 690,829 | 455,567 | 235,262 | 19.6 | 19% |
| 2013 | 565,054 | 563,595 | 1,459 | 14.1 | 31% |
| 2014 | 321,209 | 412,229 | −91,020 | 16.3 | 39% |
| 2015 | 115,631 | 288,778 | −173,147 | 16.7 | 43% |
| 2016 | 142,383 | 281,568 | −139,185 | 11.2 | 42% |
| 2017 | 131,154 | 228,479 | −97,325 | 8.2 | 43% |
| 2018 | 270,214 | 228,737 | 41,477 | 10.3 | 53% |
| 2019 | 256,574 | 225,182 | 31,392 | 12.2 | 50% |
| 2020 | 332,192 | 190,258 | 141,934 | 23.1 | 51% |
| 2021 | 603,327 | 487,479 | 115,848 | 11.9 | 12% |
| 2022 | 646,456 | 683,238 | −36,782 | 7.8 | 3% |
| 2023 | 665,919 | 803,436 | −137,517 | 4.6 | 5% |
In its most recent public year (2023), this organization spent $137,517 more than it brought in. Its reserves stood at about 4.6 months of spending, down from 26.7 in 2011. Staff pay was 5% 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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