Westerhoff School Of Music & Art Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 347,502 | 465,648 | −118,146 | 11.7 | 77% |
| 2021 | 574,593 | 345,793 | 228,800 | 23.7 | 69% |
| 2022 | 348,499 | 461,518 | −113,019 | 16.2 | 72% |
| 2023 | 435,131 | 513,410 | −78,279 | 12.8 | 78% |
In its most recent public year (2023), this organization spent $78,279 more than it brought in. Its reserves stood at about 12.8 months of spending, up from 11.7 in 2020. Staff pay was 78% 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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