Roots Of American Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 210,197 | 227,876 | −17,679 | 0.8 | 47% |
| 2020 | 230,365 | 212,914 | 17,451 | 1.8 | 0% |
| 2021 | 299,875 | 239,746 | 60,129 | 4.6 | 60% |
| 2022 | 270,484 | 291,915 | −21,431 | 2.9 | 52% |
| 2023 | 325,880 | 314,958 | 10,922 | 3.1 | 43% |
In its most recent public year (2023), this organization brought in $10,922 more than it spent. Its reserves stood at about 3.1 months of spending, up from 0.8 in 2019. Staff pay was 43% of spending. $34,130 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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