Middlebury Community Music Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 227,138 | 200,316 | 26,822 | 1.6 | 74% |
| 2016 | 345,742 | 322,188 | 23,554 | 1.9 | 74% |
| 2017 | 525,039 | 420,894 | 104,145 | 4.5 | 76% |
| 2018 | 503,962 | 510,589 | −6,627 | 3.7 | 73% |
| 2019 | 531,076 | 495,026 | 36,050 | 4.8 | 74% |
| 2020 | 523,554 | 545,293 | −21,739 | 3.7 | 75% |
| 2021 | 562,363 | 469,326 | 93,037 | 8.1 | 80% |
| 2022 | 550,407 | 572,984 | −22,577 | 5.1 | 69% |
| 2023 | 580,279 | 656,042 | −75,763 | 3.5 | 69% |
In its most recent public year (2023), this organization spent $75,763 more than it brought in. Its reserves stood at about 3.5 months of spending, up from 1.6 in 2015. Staff pay was 69% 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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