Academy Of Music Endowment Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 715,564 | 1,198,883 | −483,319 | 189.8 | 1% |
| 2021 | 917,415 | 946,921 | −29,506 | 240.0 | 1% |
| 2022 | 794,329 | 1,182,957 | −388,628 | 188.1 | 2% |
| 2023 | 687,487 | 1,121,410 | −433,923 | 194.0 | 2% |
In its most recent public year (2023), this organization spent $433,923 more than it brought in. Its reserves stood at about 194 months of spending, up from 189.8 in 2020. Staff pay was 2% 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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