Hoover Instrumental Music Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 104,384 | 83,408 | 20,976 | 28.6 | — |
| 2021 | 75,513 | 63,692 | 11,821 | 46.5 | — |
| 2022 | 214,860 | 238,418 | −23,558 | 9.6 | 0% |
| 2023 | 160,478 | 183,154 | −22,676 | 11.6 | 0% |
In its most recent public year (2023), this organization spent $22,676 more than it brought in. Its reserves stood at about 11.6 months of spending, down from 28.6 in 2020. Staff pay was 0% of spending.
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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