World Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,907,977 | 2,146,814 | −238,837 | 3.0 | 28% |
| 2021 | 959,768 | 694,990 | 264,778 | 13.8 | 43% |
| 2022 | 2,657,568 | 1,866,284 | 791,284 | 10.0 | 35% |
| 2023 | 2,346,727 | 2,268,688 | 78,039 | 8.8 | 31% |
In its most recent public year (2023), this organization brought in $78,039 more than it spent. Its reserves stood at about 8.8 months of spending, up from 3 in 2020. Staff pay was 31% 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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