Virginia Waring International Piano Competition
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 332,468 | 318,877 | 13,591 | 9.2 | 15% |
| 2012 | 199,280 | 167,088 | 32,192 | 19.9 | 26% |
| 2013 | 340,936 | 340,256 | 680 | 9.8 | 16% |
| 2014 | 233,320 | 179,023 | 54,297 | 22.2 | 26% |
| 2015 | 413,256 | 407,665 | 5,591 | 9.9 | 12% |
| 2016 | 216,867 | 247,628 | −30,761 | 14.9 | 20% |
| 2017 | 740,187 | 447,342 | 292,845 | 16.1 | 11% |
| 2018 | 476,604 | 280,353 | 196,251 | 34.1 | 17% |
| 2019 | 286,410 | 435,627 | −149,217 | 17.8 | 9% |
| 2020 | 126,498 | 176,104 | −49,606 | 40.7 | 28% |
| 2021 | 65,663 | 133,857 | −68,194 | 48.3 | 36% |
| 2022 | 302,130 | 349,366 | −47,236 | 16.9 | 13% |
| 2023 | 339,793 | 381,792 | −41,999 | 14.1 | 40% |
| 2024 | 836,992 | 322,758 | 514,234 | 35.8 | 44% |
In its most recent public year (2024), this organization brought in $514,234 more than it spent. Its reserves stood at about 35.8 months of spending, up from 9.2 in 2011. Staff pay was 44% of spending. $226,000 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 2024. 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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