everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Music Academy Nfp

Rockford, IL / EIN 45-2281679 / Form 990 / latest filing 2024
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
20111,1006184829.3
2012633,821490,400143,4213.576%
2013516,391525,834−9,4433.173%
2014496,687495,0701,6173.376%
2015462,914463,778−8643.576%
2016457,975469,228−11,2533.275%
2017478,486482,421−3,9353.176%
2018487,813485,6462,1673.274%
2019470,749473,204−2,4553.274%
2020520,139469,89650,2434.576%
2021491,080448,69242,3885.877%
2022441,422511,829−70,4073.572%
2023493,603513,706−20,1033.074%
2024487,383527,257−39,8742.073%

In its most recent public year (2024), this organization spent $39,874 more than it brought in. Its reserves stood at about 2 months of spending, down from 9.3 in 2011. Staff pay was 73% of spending.

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 2024. 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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