Michigan Festival Of Sacred Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 67,692 | 109,452 | −41,760 | 3.9 | — |
| 2012 | 88,734 | 56,454 | 32,280 | 14.5 | — |
| 2013 | 78,624 | 118,733 | −40,109 | 2.8 | — |
| 2014 | 97,188 | 50,574 | 46,614 | 17.7 | — |
| 2015 | 84,896 | 111,482 | −26,586 | 5.2 | — |
| 2016 | 91,236 | 84,223 | 7,013 | 7.9 | — |
| 2017 | 120,881 | 103,484 | 17,397 | 8.4 | — |
| 2018 | 108,461 | 108,803 | −342 | 8.0 | — |
| 2019 | 107,682 | 106,815 | 867 | 8.2 | — |
| 2020 | 90,633 | 63,116 | 27,517 | 19.1 | — |
| 2021 | 99,657 | 100,340 | −683 | 11.9 | — |
| 2022 | 88,656 | 112,540 | −23,884 | 8.1 | — |
| 2023 | 122,081 | 121,476 | 605 | 7.6 | — |
In its most recent public year (2023), this organization brought in $605 more than it spent. Its reserves stood at about 7.6 months of spending, up from 3.9 in 2011.
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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