Soulmedic Media Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,226,488 | 647,050 | 579,438 | 29.0 | 56% |
| 2021 | 1,463,247 | 802,895 | 660,352 | 33.2 | 43% |
| 2022 | 3,308,704 | 1,305,484 | 2,003,220 | 38.8 | 48% |
| 2023 | 4,999,309 | 2,402,611 | 2,596,698 | 34.1 | 56% |
In its most recent public year (2023), this organization brought in $2,596,698 more than it spent. Its reserves stood at about 34.1 months of spending, up from 29 in 2020. Staff pay was 56% of spending. $1,033,669 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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