Mid-City Community Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 109,154 | 105,252 | 3,902 | 0.2 | — |
| 2019 | 186,115 | 172,004 | 14,111 | 1.1 | 0% |
| 2020 | 200,529 | 195,789 | 4,740 | 1.3 | 15% |
| 2021 | 236,384 | 214,529 | 21,855 | 2.4 | 44% |
| 2022 | 634,340 | 507,403 | 126,937 | 4.0 | 52% |
In its most recent public year (2022), this organization brought in $126,937 more than it spent. Its reserves stood at about 4 months of spending, up from 0.2 in 2018. Staff pay was 52% 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 2022. 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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