Chicago West Community Music Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 226,184 | 164,393 | 61,791 | 3.7 | 0% |
| 2012 | 202,962 | 193,439 | 9,523 | 3.8 | 0% |
| 2013 | 223,973 | 210,467 | 13,506 | 2.7 | 34% |
| 2014 | 228,982 | 214,434 | 14,548 | 3.5 | 37% |
| 2015 | 261,372 | 238,420 | 22,952 | 2.6 | 32% |
| 2016 | 431,222 | 334,166 | 97,056 | 6.0 | 37% |
| 2017 | 452,185 | 450,762 | 1,423 | 4.2 | 41% |
| 2018 | 450,139 | 550,512 | −100,373 | 0.7 | 11% |
| 2019 | 717,878 | 560,572 | 157,306 | 4.3 | 10% |
| 2020 | 525,586 | 426,816 | 98,770 | 9.8 | 11% |
| 2021 | 1,065,677 | 544,409 | 521,268 | 19.2 | 23% |
| 2022 | 527,188 | 615,666 | −88,478 | 15.2 | 36% |
| 2023 | 613,987 | 562,698 | 51,289 | 17.8 | 26% |
In its most recent public year (2023), this organization brought in $51,289 more than it spent. Its reserves stood at about 17.8 months of spending, up from 3.7 in 2011. Staff pay was 26% of spending. $243,000 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
Chicago West Community Music Center'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