Flint Institute Of Music Irrevocable Endowment Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,087,135 | 7,169,162 | −6,082,027 | 0.0 | 0% |
| 2012 | 227,823 | 365,304 | −137,481 | 221.3 | 10% |
| 2013 | 863,071 | 366,870 | 496,201 | 236.5 | 9% |
| 2014 | 536,250 | 384,315 | 151,935 | 229.0 | 11% |
| 2015 | 440,230 | 404,948 | 35,282 | 220.1 | 11% |
| 2016 | 255,365 | 420,942 | −165,577 | 205.4 | 10% |
| 2017 | 902,460 | 432,395 | 470,065 | 213.0 | 10% |
| 2018 | 659,024 | 444,220 | 214,804 | 213.1 | 10% |
| 2019 | 235,850 | 453,526 | −217,676 | 203.0 | 10% |
| 2020 | 747,774 | 467,951 | 279,823 | 203.9 | 10% |
| 2021 | 2,226,835 | 499,508 | 1,727,327 | 232.5 | 11% |
| 2022 | −118,459 | 520,188 | −638,647 | 208.6 | 10% |
| 2023 | 35,987 | 544,937 | −508,950 | 187.7 | 9% |
In its most recent public year (2023), this organization spent $508,950 more than it brought in. Its reserves stood at about 187.7 months of spending, up from 0 in 2011. Staff pay was 9% of spending.
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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