Merit School Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,624,646 | 5,909,196 | −284,550 | 41.1 | 56% |
| 2012 | 6,179,062 | 6,008,055 | 171,007 | 40.5 | 55% |
| 2013 | 5,528,982 | 6,280,014 | −751,032 | 39.2 | 56% |
| 2014 | 6,948,146 | 6,766,863 | 181,283 | 39.2 | 55% |
| 2015 | 6,133,137 | 6,643,261 | −510,124 | 39.2 | 53% |
| 2016 | 7,191,324 | 6,851,311 | 340,013 | 38.1 | 55% |
| 2017 | 6,490,989 | 6,758,072 | −267,083 | 40.4 | 55% |
| 2018 | 6,683,559 | 6,980,226 | −296,667 | 39.8 | 50% |
| 2019 | 11,667,837 | 6,833,803 | 4,834,034 | 49.6 | 54% |
| 2020 | 7,569,381 | 7,130,452 | 438,929 | 48.5 | 58% |
| 2021 | 10,166,594 | 7,114,338 | 3,052,256 | 55.5 | 54% |
| 2022 | 6,571,408 | 8,085,007 | −1,513,599 | 46.6 | 52% |
| 2023 | 11,718,289 | 8,391,535 | 3,326,754 | 49.7 | 57% |
In its most recent public year (2023), this organization brought in $3,326,754 more than it spent. Its reserves stood at about 49.7 months of spending, up from 41.1 in 2011. Staff pay was 57% of spending. $12,182,313 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
Merit School Of Music'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