Hampton Roads Philharmonic
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 26,269 | 21,400 | 4,869 | 5.7 | — |
| 2021 | 16,419 | 20,921 | −4,502 | 3.3 | — |
| 2022 | 21,531 | 21,396 | 135 | 3.3 | — |
| 2023 | 27,788 | 26,785 | 1,003 | 3.1 | — |
| 2024 | 25,887 | 26,394 | −507 | 2.9 | — |
In its most recent public year (2024), this organization spent $507 more than it brought in. Its reserves stood at about 2.9 months of spending, down from 5.7 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 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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