Music Academy International Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 549,474 | 360,894 | 188,580 | 23.3 | 36% |
| 2022 | 606,705 | 727,771 | −121,066 | 9.5 | 13% |
| 2023 | 386,867 | 673,704 | −286,837 | 5.2 | 9% |
In its most recent public year (2023), this organization spent $286,837 more than it brought in. Its reserves stood at about 5.2 months of spending, down from 23.3 in 2021. Staff pay was 9% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works