Music In The Somerset Hills Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 153,362 | 150,252 | 3,110 | 6.1 | 0% |
| 2020 | 187,107 | 193,804 | −6,697 | 4.3 | 32% |
| 2021 | 205,638 | 208,005 | −2,367 | 3.9 | 33% |
| 2022 | 171,204 | 204,587 | −33,383 | 2.0 | 40% |
| 2023 | 172,784 | 204,609 | −31,825 | 0.1 | 27% |
In its most recent public year (2023), this organization spent $31,825 more than it brought in. Its reserves stood at about 0.1 months of spending, down from 6.1 in 2019. Staff pay was 27% 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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