International Friendship Gardens Music Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 612,317 | 470,595 | 141,722 | 20.1 | 50% |
| 2020 | 546,767 | 496,918 | 49,849 | 20.2 | 48% |
| 2021 | 644,243 | 691,747 | −47,504 | 13.7 | 40% |
| 2022 | 684,013 | 704,278 | −20,265 | 13.1 | 41% |
| 2023 | 619,065 | 636,369 | −17,304 | 14.2 | 47% |
In its most recent public year (2023), this organization spent $17,304 more than it brought in. Its reserves stood at about 14.2 months of spending, down from 20.1 in 2019. Staff pay was 47% of spending. $30,000 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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