Miami Music Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 484,306 | 345,740 | 138,566 | 28.5 | 27% |
| 2012 | 494,664 | 472,244 | 22,420 | 22.0 | 46% |
| 2013 | 667,157 | 546,690 | 120,467 | 21.8 | 26% |
| 2014 | 574,396 | 550,311 | 24,085 | 22.4 | 22% |
| 2015 | 868,657 | 876,292 | −7,635 | 13.8 | 32% |
| 2016 | 1,077,926 | 1,082,300 | −4,374 | 11.3 | 38% |
| 2017 | 1,369,811 | 1,345,032 | 24,779 | 9.3 | 36% |
| 2018 | 1,676,171 | 1,445,063 | 231,108 | 10.7 | 38% |
| 2019 | 2,737,198 | 1,815,337 | 921,861 | 14.8 | 39% |
| 2020 | 1,747,871 | 1,828,760 | −80,889 | 14.1 | 45% |
| 2021 | 2,147,653 | 1,665,954 | 481,699 | 21.0 | 45% |
| 2022 | 2,974,303 | 2,164,728 | 809,575 | 19.1 | 41% |
| 2023 | 2,346,545 | 2,637,694 | −291,149 | 14.9 | 42% |
In its most recent public year (2023), this organization spent $291,149 more than it brought in. Its reserves stood at about 14.9 months of spending, down from 28.5 in 2011. Staff pay was 42% of spending. $194,278 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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