Musical Fund Society Of Philadelphia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 742,507 | 196,300 | 546,207 | 243.0 | 0% |
| 2022 | 370,625 | 235,671 | 134,954 | 178.6 | 0% |
| 2023 | 90,144 | 140,400 | −50,256 | 288.7 | 0% |
In its most recent public year (2023), this organization spent $50,256 more than it brought in. Its reserves stood at about 288.7 months of spending, up from 243 in 2021. Staff pay was 0% of spending. $21,061 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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