Varna International Music Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 0 | 0 | 0 | — | — |
| 2019 | 333,780 | 317,344 | 16,436 | 0.6 | 0% |
| 2020 | 456,187 | 251,433 | 204,754 | 10.6 | 0% |
| 2021 | 143,110 | 83,103 | 60,007 | 40.6 | 0% |
| 2022 | 1,227,146 | 1,224,173 | 2,973 | 2.8 | 0% |
| 2023 | 645,920 | 887,775 | −241,855 | 0.6 | 0% |
In its most recent public year (2023), this organization spent $241,855 more than it brought in. Its reserves stood at about 0.6 months of spending. 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
Varna International Music Academy'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