Chelsea Music Festival Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 91,091 | 65,130 | 25,961 | 4.8 | — |
| 2012 | 128,894 | 127,715 | 1,179 | 2.9 | — |
| 2013 | 214,688 | 106,722 | 107,966 | 15.6 | 0% |
| 2014 | 199,805 | 184,432 | 15,373 | 10.0 | 0% |
| 2015 | 211,186 | 269,446 | −58,260 | 11.3 | 0% |
| 2016 | 152,398 | 241,985 | −89,587 | 8.2 | — |
| 2017 | 389,467 | 191,998 | 197,469 | 22.7 | 2% |
| 2018 | 393,975 | 317,559 | 76,416 | 16.6 | 12% |
| 2019 | 253,354 | 349,939 | −96,585 | 11.7 | 8% |
| 2020 | 73,466 | 109,675 | −36,209 | 33.5 | 45% |
| 2021 | 412,581 | 127,747 | 284,834 | 55.5 | 42% |
| 2022 | 184,346 | 215,377 | −31,031 | 31.2 | 24% |
| 2023 | 171,515 | 310,042 | −138,527 | 16.6 | 24% |
In its most recent public year (2023), this organization spent $138,527 more than it brought in. Its reserves stood at about 16.6 months of spending, up from 4.8 in 2011. Staff pay was 24% of spending. $50,000 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
Chelsea Music Festival Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works