Songtime Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 291,462 | 374,626 | −83,164 | 1.5 | 41% |
| 2021 | 328,438 | 347,766 | −19,328 | 0.9 | 47% |
| 2022 | 338,820 | 341,743 | −2,923 | 0.8 | 51% |
| 2023 | 282,406 | 264,233 | 18,173 | 1.9 | 42% |
In its most recent public year (2023), this organization brought in $18,173 more than it spent. Its reserves stood at about 1.9 months of spending. Staff pay was 42% of spending. $15,000 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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