Armstrong Community Music School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 991,931 | 970,455 | 21,476 | 8.3 | 49% |
| 2014 | 950,110 | 1,039,724 | −89,614 | 7.0 | 53% |
| 2015 | 1,087,007 | 1,028,150 | 58,857 | 7.7 | 54% |
| 2016 | 1,124,058 | 1,055,389 | 68,669 | 8.0 | 54% |
| 2017 | 1,122,090 | 1,072,915 | 49,175 | 8.7 | 55% |
| 2018 | 990,973 | 1,062,315 | −71,342 | 5.0 | 56% |
| 2019 | 2,248,947 | 1,066,454 | 1,182,493 | 18.4 | 55% |
| 2020 | 757,743 | 1,019,132 | −261,389 | 16.2 | 56% |
| 2021 | 510,379 | 895,833 | −385,454 | 13.4 | 59% |
| 2022 | 838,136 | 860,382 | −22,246 | 13.7 | 60% |
| 2023 | 987,984 | 958,159 | 29,825 | 12.7 | 60% |
| 2024 | 1,549,057 | 908,800 | 640,257 | 22.1 | 63% |
In its most recent public year (2024), this organization brought in $640,257 more than it spent. Its reserves stood at about 22.1 months of spending, up from 8.3 in 2013. Staff pay was 63% of spending. $364,893 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 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
Armstrong Community Music School's IRS filings as a feed — one entry per filing year, through 2024. 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