Livonia Stevenson Music Booster
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 46,940 | 0 | 46,940 | — | — |
| 2017 | 58,299 | 0 | 58,299 | — | — |
| 2020 | 78,140 | 75,665 | 2,475 | 8.5 | — |
| 2021 | 34,827 | 25,182 | 9,645 | 30.1 | — |
| 2022 | 69,088 | 59,032 | 10,056 | 14.9 | — |
| 2023 | 71,198 | 66,799 | 4,399 | 14.0 | — |
In its most recent public year (2023), this organization brought in $4,399 more than it spent. Its reserves stood at about 14 months of spending.
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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