Music Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 682,493 | 537,627 | 144,866 | 9.2 | 35% |
| 2021 | 669,915 | 552,844 | 117,071 | 11.5 | 36% |
| 2022 | 617,851 | 613,325 | 4,526 | 10.4 | 38% |
| 2023 | 597,779 | 644,752 | −46,973 | 9.0 | 39% |
In its most recent public year (2023), this organization spent $46,973 more than it brought in. Its reserves stood at about 9 months of spending. Staff pay was 39% of spending. $5,000 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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