Flint Institute Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,583,581 | 5,799,185 | −215,604 | 78.9 | 35% |
| 2012 | 5,667,833 | 6,197,533 | −529,700 | 69.3 | 37% |
| 2013 | 5,789,812 | 6,226,335 | −436,523 | 58.6 | 36% |
| 2014 | 6,608,210 | 6,461,443 | 146,767 | 59.2 | 34% |
| 2015 | 6,457,479 | 6,184,660 | 272,819 | 62.8 | 33% |
| 2016 | 8,503,563 | 6,388,857 | 2,114,706 | 45.1 | 47% |
| 2017 | 7,156,734 | 6,497,738 | 658,996 | 48.4 | 49% |
| 2018 | 7,222,185 | 6,483,694 | 738,491 | 51.1 | 48% |
| 2019 | 10,343,067 | 7,128,850 | 3,214,217 | 48.7 | 45% |
| 2020 | 8,446,627 | 7,061,808 | 1,384,819 | 52.8 | 50% |
| 2021 | 9,419,580 | 6,000,282 | 3,419,298 | 78.8 | 51% |
| 2022 | 17,244,716 | 12,684,405 | 4,560,311 | 35.7 | 37% |
| 2023 | 12,485,028 | 14,537,861 | −2,052,833 | 28.2 | 39% |
In its most recent public year (2023), this organization spent $2,052,833 more than it brought in. Its reserves stood at about 28.2 months of spending, down from 78.9 in 2011. Staff pay was 39% of spending. $34,570,757 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
Flint Institute 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