Community Music Center Of Boston
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,566,950 | 2,082,543 | 484,407 | 18.7 | 62% |
| 2012 | 2,705,235 | 2,318,744 | 386,491 | 18.6 | 62% |
| 2013 | 2,552,882 | 2,442,768 | 110,114 | 18.0 | 4% |
| 2014 | 2,731,393 | 2,614,305 | 117,088 | 18.2 | 4% |
| 2015 | 2,625,119 | 2,626,090 | −971 | 17.8 | 4% |
| 2016 | 2,902,492 | 2,913,499 | −11,007 | 14.6 | 4% |
| 2017 | 2,850,836 | 2,851,576 | −740 | 15.8 | 59% |
| 2018 | 2,938,542 | 2,846,071 | 92,471 | 16.0 | 60% |
| 2019 | 2,784,624 | 2,771,105 | 13,519 | 16.7 | 59% |
| 2020 | 2,704,681 | 2,908,480 | −203,799 | 15.1 | 59% |
| 2021 | 2,782,952 | 2,653,966 | 128,986 | 19.8 | 59% |
| 2022 | 4,709,168 | 2,682,189 | 2,026,979 | 26.3 | 59% |
| 2023 | 7,339,614 | 3,572,571 | 3,767,043 | 33.4 | 53% |
In its most recent public year (2023), this organization brought in $3,767,043 more than it spent. Its reserves stood at about 33.4 months of spending, up from 18.7 in 2011. Staff pay was 53% of spending. $5,127,146 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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