Harmonic Music Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 51,246 | 134,616 | −83,370 | -7.4 | — |
| 2014 | 336,734 | 329,378 | 7,356 | -2.8 | 24% |
| 2015 | 404,995 | 403,266 | 1,729 | -6.0 | 40% |
| 2016 | 576,991 | 517,786 | 59,205 | -3.3 | 49% |
| 2017 | 774,870 | 664,428 | 110,442 | -2.0 | 52% |
| 2018 | 884,483 | 748,693 | 135,790 | 0.4 | 59% |
| 2019 | 950,820 | 960,009 | −9,189 | 0.2 | 64% |
| 2020 | 707,061 | 1,127,386 | −420,325 | -4.3 | 68% |
| 2021 | 1,142,947 | 976,925 | 166,022 | -2.9 | 64% |
| 2022 | 653,259 | 802,640 | −149,381 | -5.8 | 59% |
| 2023 | 670,692 | 681,749 | −11,057 | -7.0 | 48% |
In its most recent public year (2023), this organization spent $11,057 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7 months). Staff pay was 48% 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
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