Joy Of Music Program Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,219,009 | 1,040,160 | 178,849 | 36.6 | 56% |
| 2021 | 1,203,304 | 1,002,270 | 201,034 | 40.3 | 54% |
| 2022 | 1,557,883 | 1,088,680 | 469,203 | 42.3 | 53% |
| 2023 | 1,346,783 | 1,331,098 | 15,685 | 35.0 | 56% |
In its most recent public year (2023), this organization brought in $15,685 more than it spent. Its reserves stood at about 35 months of spending, down from 36.6 in 2020. Staff pay was 56% of spending. $584,419 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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