Powers Music School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,576,593 | 1,695,179 | −118,586 | 9.8 | 65% |
| 2020 | 1,679,664 | 1,722,897 | −43,233 | 10.0 | 68% |
| 2021 | 1,651,220 | 1,589,670 | 61,550 | 12.9 | 65% |
| 2022 | 1,839,349 | 1,725,160 | 114,189 | 10.8 | 64% |
| 2023 | 2,157,104 | 2,061,418 | 95,686 | 9.3 | 61% |
In its most recent public year (2023), this organization brought in $95,686 more than it spent. Its reserves stood at about 9.3 months of spending. Staff pay was 61% of spending. $958,261 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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