Cleveland Institute Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 30,049,400 | 28,232,584 | 1,816,816 | 31.4 | 35% |
| 2021 | 33,324,271 | 27,489,104 | 5,835,167 | 39.1 | 36% |
| 2022 | 45,555,038 | 28,840,567 | 16,714,471 | 38.6 | 37% |
| 2023 | 33,362,930 | 31,669,164 | 1,693,766 | 37.1 | 34% |
In its most recent public year (2023), this organization brought in $1,693,766 more than it spent. Its reserves stood at about 37.1 months of spending, up from 31.4 in 2020. Staff pay was 34% of spending. $38,747,884 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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