Music For Life International Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 13,178 | 10,497 | 2,681 | -36.1 | — |
| 2021 | 15,593 | 8,637 | 6,956 | -34.3 | — |
| 2022 | 15,986 | 6,364 | 9,622 | -28.4 | — |
| 2023 | 2,775 | 6,723 | −3,948 | -33.9 | — |
In its most recent public year (2023), this organization spent $3,948 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-33.9 months), up from -36.1 in 2020.
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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