Luzerne Music Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 690,366 | 734,366 | −44,000 | 2.5 | 44% |
| 2012 | 781,498 | 789,743 | −8,245 | 2.2 | 41% |
| 2013 | 719,294 | 679,521 | 39,773 | 3.3 | 40% |
| 2014 | 823,229 | 760,699 | 62,530 | 3.9 | 34% |
| 2015 | 1,053,186 | 857,344 | 195,842 | 6.2 | 18% |
| 2016 | 941,498 | 967,932 | −26,434 | 5.2 | 16% |
| 2017 | 1,090,600 | 1,072,246 | 18,354 | 4.9 | 23% |
| 2018 | 1,336,344 | 1,121,910 | 214,434 | 6.9 | 34% |
| 2019 | 1,261,727 | 1,208,455 | 53,272 | 7.0 | 33% |
| 2020 | 1,363,599 | 276,644 | 1,086,955 | 77.6 | 38% |
| 2021 | 1,784,731 | 771,080 | 1,013,651 | 43.8 | 0% |
| 2022 | 1,808,290 | 1,036,941 | 771,349 | 42.0 | 0% |
| 2023 | 1,401,169 | 1,118,514 | 282,655 | 42.0 | 0% |
In its most recent public year (2023), this organization brought in $282,655 more than it spent. Its reserves stood at about 42 months of spending, up from 2.5 in 2011. Staff pay was 0% of spending. $2,242,339 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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