Gift Of Music Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 56,683 | 64,026 | −7,343 | -1.4 | — |
| 2017 | 97,834 | 85,497 | 12,337 | 0.7 | — |
| 2018 | 96,147 | 88,511 | 7,636 | 3.3 | — |
| 2019 | 147,162 | 139,748 | 7,414 | 1.3 | — |
| 2020 | 250,664 | 287,442 | −36,778 | -0.9 | 3% |
| 2021 | 488,887 | 511,508 | −22,621 | -1.0 | 18% |
| 2022 | 990,626 | 907,462 | 83,164 | 0.5 | 35% |
| 2023 | 930,933 | 986,545 | −55,612 | -0.2 | 38% |
In its most recent public year (2023), this organization spent $55,612 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), up from -1.4 in 2016. Staff pay was 38% 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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