Island Community Chorus Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 52,626 | 27,692 | 24,934 | 97.9 | — |
| 2021 | 31,440 | 20,702 | 10,738 | 138.2 | — |
| 2022 | 41,168 | 49,103 | −7,935 | 49.4 | — |
| 2023 | 36,383 | 48,284 | −11,901 | 50.5 | — |
In its most recent public year (2023), this organization spent $11,901 more than it brought in. Its reserves stood at about 50.5 months of spending, down from 97.9 in 2020.
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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