Soundwaves Art Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 81,512 | 80,038 | 1,474 | 0.2 | — |
| 2015 | 46,021 | 51,944 | −5,923 | -1.0 | — |
| 2016 | 58,002 | 51,590 | 6,412 | 0.5 | — |
| 2017 | 289,664 | 141,234 | 148,430 | 14.1 | 0% |
| 2018 | 503,558 | 337,016 | 166,542 | 11.8 | 0% |
| 2020 | 1,799,635 | 1,430,590 | 369,045 | 8.1 | 0% |
| 2021 | 2,019,206 | 1,705,680 | 313,526 | 9.0 | 23% |
| 2022 | 2,726,744 | 2,022,347 | 704,397 | 11.5 | 29% |
| 2023 | 3,317,605 | 2,659,182 | 658,423 | 12.1 | 24% |
In its most recent public year (2023), this organization brought in $658,423 more than it spent. Its reserves stood at about 12.1 months of spending, up from 0.2 in 2014. Staff pay was 24% 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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