Midcoast Music Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 98,808 | 99,272 | −464 | -0.1 | — |
| 2018 | 218,850 | 272,669 | −53,819 | -2.4 | 68% |
| 2019 | 418,766 | 303,022 | 115,744 | 2.4 | 68% |
| 2020 | 156,328 | 194,328 | −38,000 | 1.4 | — |
| 2021 | 237,580 | 296,915 | −59,335 | -1.5 | 56% |
| 2022 | 341,245 | 320,106 | 21,139 | -0.6 | 59% |
| 2023 | 303,902 | 338,934 | −35,032 | -1.8 | 58% |
In its most recent public year (2023), this organization spent $35,032 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.8 months), down from -0.1 in 2017. Staff pay was 58% 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 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
Midcoast Music Academy'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