everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Musical Arts Institute

Chicago, IL / EIN 30-0603029 / Form 990 / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
2011128,31185,67442,6374.6
2012105,679114,147−8,4682.6
2013107,641121,407−13,7661.1
2014111,734111,1405940.8
2017195,032178,83016,2021.712%
2019223,931249,521−25,5900.459%
2020387,897317,69470,2032.30%
2021517,572490,94726,6253.20%
2022812,041686,778125,2634.80%
2023838,579974,999−136,4200.70%

In its most recent public year (2023), this organization spent $136,420 more than it brought in. Its reserves stood at about 0.7 months of spending, down from 4.6 in 2011. Staff pay was 0% 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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