South Florida Friends Of Classical Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 126,348 | 122,581 | 3,767 | 2.7 | 8% |
| 2021 | 178,452 | 183,704 | −5,252 | 1.5 | 15% |
| 2022 | 120,558 | 184,230 | −63,672 | -2.7 | 15% |
In its most recent public year (2022), this organization spent $63,672 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.7 months), down from 2.7 in 2020. Staff pay was 15% 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 2022. 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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