Cleveland Music School Settlement
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,260,597 | 5,091,286 | 2,169,311 | 46.5 | 55% |
| 2021 | 4,711,711 | 4,414,841 | 296,870 | 62.8 | 53% |
| 2022 | 6,172,839 | 4,984,736 | 1,188,103 | 53.6 | 53% |
| 2023 | 5,512,985 | 5,627,613 | −114,628 | 49.3 | 54% |
In its most recent public year (2023), this organization spent $114,628 more than it brought in. Its reserves stood at about 49.3 months of spending, up from 46.5 in 2020. Staff pay was 54% of spending. $14,153,859 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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