Songwriters Hall Of Fame Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,196,842 | 1,037,617 | 159,225 | 41.3 | 25% |
| 2021 | 488,673 | 426,577 | 62,096 | 102.2 | 63% |
| 2022 | 1,572,186 | 518,940 | 1,053,246 | 108.3 | 49% |
| 2023 | 1,635,397 | 604,863 | 1,030,534 | 113.4 | 41% |
In its most recent public year (2023), this organization brought in $1,030,534 more than it spent. Its reserves stood at about 113.4 months of spending, up from 41.3 in 2020. Staff pay was 41% of spending. $775,356 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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