Hovland Conservatory Of Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,105,606 | 1,041,160 | 64,446 | -0.2 | 57% |
| 2012 | 1,321,240 | 1,278,626 | 42,614 | -0.4 | 65% |
| 2013 | 1,373,623 | 1,316,415 | 57,208 | 0.2 | 65% |
| 2014 | 1,370,114 | 1,348,779 | 21,335 | 0.4 | 65% |
| 2015 | 1,333,287 | 1,328,209 | 5,078 | 0.4 | 67% |
| 2016 | 1,225,966 | 1,228,942 | −2,976 | 0.4 | 70% |
| 2017 | 1,079,371 | 1,175,318 | −95,947 | -0.6 | 64% |
| 2018 | 870,913 | 1,189,230 | −318,317 | -3.8 | 58% |
| 2019 | 1,062,081 | 1,050,194 | 11,887 | -4.1 | 60% |
| 2020 | 940,745 | 1,055,049 | −114,304 | -5.4 | 60% |
| 2021 | 881,720 | 890,440 | −8,720 | -4.6 | 60% |
| 2022 | 1,098,126 | 1,013,666 | 84,460 | -5.1 | 60% |
| 2023 | 1,059,276 | 1,099,587 | −40,311 | -5.2 | 64% |
In its most recent public year (2023), this organization spent $40,311 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.2 months), down from -0.2 in 2011. Staff pay was 64% 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
Hovland Conservatory 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