Academy Of Vocal Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,493,679 | 3,625,898 | 1,867,781 | 165.1 | 52% |
| 2022 | 5,042,502 | 4,208,115 | 834,387 | 118.4 | 50% |
| 2023 | 5,310,910 | 4,754,641 | 556,269 | 110.3 | 46% |
| 2024 | 6,335,470 | 4,453,869 | 1,881,601 | 128.5 | 48% |
In its most recent public year (2024), this organization brought in $1,881,601 more than it spent. Its reserves stood at about 128.5 months of spending, down from 165.1 in 2021. Staff pay was 48% of spending. $29,074,364 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 2024. 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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