Face The Music Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 210,984 | 207,639 | 3,345 | 1.9 | 11% |
| 2020 | 1,355,162 | 1,344,703 | 10,459 | 0.4 | 2% |
| 2021 | 87,275 | 159,911 | −72,636 | 7.8 | — |
| 2022 | 30,181 | 190,059 | −159,878 | -4.5 | — |
| 2023 | 55,838 | 163,467 | −107,629 | -13.1 | — |
In its most recent public year (2023), this organization spent $107,629 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.1 months), down from 1.9 in 2019.
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
Face The Music Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works