Music For Life Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,903,633 | 2,961,149 | −57,516 | 0.2 | 30% |
| 2013 | 2,866,817 | 2,751,852 | 114,965 | 0.7 | 30% |
| 2014 | 3,005,596 | 2,969,874 | 35,722 | 0.8 | 26% |
| 2015 | 2,755,612 | 2,746,800 | 8,812 | 0.9 | 24% |
| 2016 | 2,378,276 | 2,331,427 | 46,849 | 1.3 | 26% |
| 2017 | 2,963,421 | 2,952,574 | 10,847 | 1.1 | 28% |
| 2018 | 2,675,759 | 2,730,919 | −55,160 | 1.0 | 26% |
| 2019 | 2,579,174 | 2,427,065 | 152,109 | 1.8 | 29% |
| 2020 | 3,516,551 | 2,510,430 | 1,006,121 | 6.6 | 29% |
| 2021 | 1,932,088 | 1,807,499 | 124,589 | 10.0 | 32% |
| 2022 | 1,674,576 | 1,895,970 | −221,394 | 8.0 | 29% |
| 2023 | 1,872,313 | 2,281,723 | −409,410 | 4.9 | 22% |
In its most recent public year (2023), this organization spent $409,410 more than it brought in. Its reserves stood at about 4.9 months of spending, up from 0.2 in 2012. Staff pay was 22% of spending. $593,005 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
Music For Life Institute's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works