Foundation Music School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 169,133 | 163,030 | 6,103 | 1.9 | — |
| 2012 | 253,535 | 244,516 | 9,019 | 1.7 | 65% |
| 2013 | 299,176 | 291,703 | 7,473 | 1.8 | 67% |
| 2014 | 365,759 | 344,769 | 20,990 | 2.2 | 64% |
| 2015 | 419,043 | 392,842 | 26,201 | 2.7 | 73% |
| 2016 | 456,533 | 446,722 | 9,811 | 2.7 | 56% |
| 2017 | 522,202 | 481,261 | 40,941 | 3.5 | 53% |
| 2018 | 591,942 | 553,383 | 38,559 | 3.9 | 54% |
| 2019 | 638,835 | 598,056 | 40,779 | 4.4 | 64% |
| 2020 | 692,001 | 647,345 | 44,656 | 4.9 | 66% |
| 2021 | 683,587 | 673,526 | 10,061 | 4.9 | 64% |
| 2022 | 861,230 | 809,468 | 51,762 | 4.8 | 64% |
| 2023 | 743,253 | 824,895 | −81,642 | 3.6 | 61% |
In its most recent public year (2023), this organization spent $81,642 more than it brought in. Its reserves stood at about 3.6 months of spending, up from 1.9 in 2011. Staff pay was 61% 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
Foundation Music School 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