Martin Luther King High School Choir Boosters
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 85,952 | 89,454 | −3,502 | 2.2 | — |
| 2017 | 59,675 | 43,546 | 16,129 | 9.1 | — |
| 2018 | 108,091 | 108,345 | −254 | 3.6 | — |
| 2019 | 18,585 | 29,287 | −10,702 | 9.0 | — |
| 2020 | 87,979 | 69,985 | 17,994 | 6.8 | — |
In its most recent public year (2020), this organization brought in $17,994 more than it spent. Its reserves stood at about 6.8 months of spending, up from 2.2 in 2016.
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 2020. 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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