Daniels Music Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,310,264 | 1,046,514 | 263,750 | 42.3 | 55% |
| 2021 | 1,308,486 | 1,091,073 | 217,413 | 43.0 | 56% |
| 2022 | 1,305,690 | 1,256,727 | 48,963 | 37.8 | 49% |
| 2023 | 1,486,653 | 1,356,721 | 129,932 | 38.9 | 45% |
In its most recent public year (2023), this organization brought in $129,932 more than it spent. Its reserves stood at about 38.9 months of spending, down from 42.3 in 2020. Staff pay was 45% of spending. $138,650 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
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