Rockport Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,995,798 | 2,690,813 | 304,985 | 73.6 | 25% |
| 2012 | 5,161,204 | 3,146,752 | 2,014,452 | 68.9 | 28% |
| 2013 | 3,188,344 | 3,489,031 | −300,687 | 61.1 | 28% |
| 2014 | 3,451,595 | 3,725,610 | −274,015 | 56.4 | 27% |
| 2015 | 4,725,874 | 3,869,555 | 856,319 | 56.9 | 28% |
| 2016 | 5,976,430 | 4,076,816 | 1,899,614 | 59.6 | 29% |
| 2017 | 10,029,356 | 4,168,139 | 5,861,217 | 75.2 | 30% |
| 2018 | 6,455,612 | 4,774,622 | 1,680,990 | 69.9 | 29% |
| 2019 | 5,080,472 | 4,927,006 | 153,466 | 67.9 | 27% |
| 2020 | 3,720,672 | 3,641,914 | 78,758 | 94.7 | 35% |
| 2021 | 3,077,762 | 2,846,514 | 231,248 | 130.9 | 31% |
| 2022 | 5,770,125 | 4,980,370 | 789,755 | 73.4 | 29% |
| 2023 | 2,459,031 | 2,598,079 | −139,048 | 141.0 | 33% |
In its most recent public year (2023), this organization spent $139,048 more than it brought in. Its reserves stood at about 141 months of spending, up from 73.6 in 2011. Staff pay was 33% of spending. $12,598,966 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
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