Michael J Owen Music Education Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 93,973 | 42,147 | 51,826 | 95.0 | — |
| 2023 | 94,999 | 55,626 | 39,373 | 83.3 | — |
| 2024 | 115,163 | 65,456 | 49,707 | 79.9 | — |
In its most recent public year (2024), this organization brought in $49,707 more than it spent. Its reserves stood at about 79.9 months of spending, down from 95 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 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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