Friends Music Institute Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 144,304 | 149,653 | −5,349 | 27.2 | — |
| 2013 | 191,046 | 152,064 | 38,982 | 29.0 | — |
| 2014 | 139,167 | 146,446 | −7,279 | 29.7 | — |
| 2015 | 137,072 | 161,749 | −24,677 | 25.2 | — |
| 2016 | 126,396 | 140,049 | −13,653 | 27.9 | — |
| 2017 | 116,093 | 141,563 | −25,470 | 25.5 | — |
| 2018 | 102,565 | 124,915 | −22,350 | 25.8 | — |
| 2019 | 87,673 | 108,254 | −20,581 | 27.4 | — |
| 2020 | 33,497 | 33,328 | 169 | 91.3 | — |
| 2021 | 13,938 | 11,701 | 2,237 | 262.3 | — |
| 2022 | 7,730 | 3,301 | 4,429 | 824.1 | — |
| 2023 | 17,482 | 3,929 | 13,553 | 733.8 | — |
In its most recent public year (2023), this organization brought in $13,553 more than it spent. Its reserves stood at about 733.8 months of spending, up from 27.2 in 2012.
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
Friends Music Institute Inc'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