Cormont Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 155,535 | 161,684 | −6,149 | 3.9 | — |
| 2012 | 177,432 | 180,344 | −2,912 | 3.4 | — |
| 2013 | 163,421 | 174,200 | −10,779 | 3.2 | — |
| 2014 | 151,905 | 158,852 | −6,947 | 3.2 | — |
| 2015 | 176,450 | 158,938 | 17,512 | 4.6 | — |
| 2016 | 174,985 | 147,384 | 27,601 | 7.1 | — |
| 2017 | 175,968 | 213,451 | −37,483 | 2.8 | — |
| 2018 | 233,450 | 195,902 | 37,548 | 5.1 | 13% |
| 2019 | 129,000 | 500 | 128,500 | 0.0 | 0% |
| 2020 | 240,197 | 112,031 | 128,166 | 22.6 | 39% |
| 2021 | 78,974 | 125,486 | −46,512 | 15.8 | 46% |
| 2022 | 200,650 | 193,740 | 6,910 | 10.6 | 25% |
| 2023 | 278,913 | 260,514 | 18,399 | 9.1 | 22% |
In its most recent public year (2023), this organization brought in $18,399 more than it spent. Its reserves stood at about 9.1 months of spending, up from 3.9 in 2011. Staff pay was 22% 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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