Masterworks Chorale
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 138,961 | 95,894 | 43,067 | 7.7 | — |
| 2021 | 53,527 | 48,043 | 5,484 | 16.7 | — |
| 2022 | 73,394 | 79,072 | −5,678 | 9.3 | — |
| 2023 | 136,046 | 149,943 | −13,897 | 3.8 | — |
In its most recent public year (2023), this organization spent $13,897 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 7.7 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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