Music Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,688,250 | 6,362,919 | 1,325,331 | 267.1 | 5% |
| 2012 | 6,232,162 | 6,329,601 | −97,439 | 269.9 | 6% |
| 2013 | 5,262,470 | 6,458,507 | −1,196,037 | 278.7 | 6% |
| 2014 | 14,768,763 | 6,636,176 | 8,132,587 | 296.8 | 6% |
| 2015 | 6,064,533 | 7,304,504 | −1,239,971 | 282.2 | 6% |
| 2016 | 6,919,881 | 8,093,908 | −1,174,027 | 245.6 | 6% |
| 2017 | 4,699,574 | 7,702,956 | −3,003,382 | 275.2 | 7% |
| 2018 | 7,229,918 | 8,510,837 | −1,280,919 | 269.5 | 6% |
| 2019 | 6,205,031 | 9,103,620 | −2,898,589 | 246.3 | 6% |
| 2020 | 3,922,014 | 8,657,561 | −4,735,547 | 235.3 | 7% |
| 2021 | 8,558,391 | 8,399,396 | 158,995 | 320.3 | 7% |
| 2022 | 21,090,065 | 26,234,757 | −5,144,692 | 93.7 | 2% |
| 2023 | 2,501,518 | 9,113,867 | −6,612,349 | 247.2 | 6% |
In its most recent public year (2023), this organization spent $6,612,349 more than it brought in. Its reserves stood at about 247.2 months of spending, down from 267.1 in 2011. Staff pay was 6% of spending. $187,746,575 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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