Midsouth Music Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 132,296 | 125,345 | 6,951 | 1.2 | — |
| 2021 | 130,653 | 103,875 | 26,778 | 4.6 | — |
| 2022 | 101,164 | 111,144 | −9,980 | 0.0 | — |
| 2023 | 89,338 | 114,821 | −25,483 | 0.0 | — |
In its most recent public year (2023), this organization spent $25,483 more than it brought in. Its reserves stood at about 0 months of spending, down from 1.2 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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