Grand Rapids Symphony Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,199,442 | 8,396,864 | −1,197,422 | 5.9 | 53% |
| 2012 | 9,388,907 | 8,808,190 | 580,717 | 6.1 | 50% |
| 2013 | 7,540,872 | 8,926,030 | −1,385,158 | 4.1 | 49% |
| 2014 | 10,152,039 | 8,907,628 | 1,244,411 | 5.8 | 49% |
| 2015 | 8,704,825 | 9,658,212 | −953,387 | 4.2 | 49% |
| 2016 | 9,810,207 | 10,118,144 | −307,937 | 3.6 | 46% |
| 2017 | 10,361,044 | 10,537,011 | −175,967 | 3.3 | 47% |
| 2018 | 11,740,336 | 11,454,679 | 285,657 | 3.3 | 44% |
| 2019 | 10,341,420 | 10,914,975 | −573,555 | 2.9 | 48% |
| 2020 | 9,967,085 | 9,962,137 | 4,948 | 3.1 | 50% |
| 2021 | 8,438,954 | 7,997,494 | 441,460 | 4.6 | 55% |
| 2022 | 10,068,479 | 10,380,522 | −312,043 | 3.2 | 50% |
| 2023 | 9,638,402 | 10,876,158 | −1,237,756 | 1.7 | 51% |
In its most recent public year (2023), this organization spent $1,237,756 more than it brought in. Its reserves stood at about 1.7 months of spending, down from 5.9 in 2011. Staff pay was 51% of spending. $6,092,157 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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