Common Chord
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,277,856 | 1,217,510 | 60,346 | 20.0 | 25% |
| 2022 | 1,649,242 | 1,461,927 | 187,315 | 18.2 | 23% |
| 2023 | 890,293 | 1,176,818 | −286,525 | 20.0 | 34% |
In its most recent public year (2023), this organization spent $286,525 more than it brought in. Its reserves stood at about 20 months of spending. Staff pay was 34% of spending. $244,591 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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