Groton Hill Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,815,944 | 4,177,753 | 34,638,191 | 356.6 | 60% |
| 2021 | 61,904,515 | 5,490,406 | 56,414,109 | 396.2 | 40% |
| 2022 | 41,196,688 | 8,190,467 | 33,006,221 | 307.8 | 30% |
| 2023 | 22,723,664 | 12,261,812 | 10,461,852 | 218.0 | 26% |
In its most recent public year (2023), this organization brought in $10,461,852 more than it spent. Its reserves stood at about 218 months of spending, down from 356.6 in 2020. Staff pay was 26% of spending. $27,418,307 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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