Colour Of Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 236,141 | 236,528 | −387 | -0.0 | — |
| 2016 | 449,588 | 644,704 | −195,116 | 0.0 | 40% |
| 2018 | 541,025 | 503,351 | 37,674 | -6.8 | 0% |
| 2019 | 734,026 | 718,916 | 15,110 | -5.2 | 0% |
| 2020 | 158,483 | 160,332 | −1,849 | -23.6 | 12% |
| 2021 | 684,446 | 717,362 | −32,916 | -5.8 | 17% |
| 2022 | 1,184,430 | 919,977 | 264,453 | -1.3 | 3% |
| 2023 | 1,100,503 | 1,115,343 | −14,840 | -1.2 | 7% |
In its most recent public year (2023), this organization spent $14,840 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.2 months), down from 0 in 2015. Staff pay was 7% 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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