Salt Lake Music School Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 57,707 | 34,204 | 23,503 | 17.1 | 0% |
| 2012 | 167,839 | 129,630 | 38,209 | 8.0 | 0% |
| 2013 | 195,159 | 171,281 | 23,878 | 7.8 | 49% |
| 2014 | 369,562 | 265,492 | 104,070 | 8.4 | 73% |
| 2015 | 427,550 | 499,000 | −71,450 | 3.1 | 70% |
| 2016 | 543,203 | 582,102 | −38,899 | 1.8 | 69% |
| 2017 | 626,052 | 650,160 | −24,108 | 1.2 | 74% |
| 2018 | 814,496 | 712,944 | 101,552 | 2.8 | 69% |
| 2019 | 951,246 | 917,177 | 34,069 | 2.2 | 6% |
| 2020 | 1,696,788 | 1,188,180 | 508,608 | 7.0 | 69% |
| 2021 | 958,058 | 1,137,763 | −179,705 | 5.7 | 66% |
| 2022 | 1,620,833 | 1,147,735 | 473,098 | 10.8 | 67% |
| 2023 | 1,410,093 | 1,697,413 | −287,320 | 5.3 | 64% |
In its most recent public year (2023), this organization spent $287,320 more than it brought in. Its reserves stood at about 5.3 months of spending, down from 17.1 in 2011. Staff pay was 64% of spending. $10,029 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
Salt Lake Music School Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works