Boston Music Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 477,259 | 514,378 | −37,119 | -0.3 | 7% |
| 2021 | 517,292 | 493,311 | 23,981 | 0.2 | 76% |
| 2022 | 1,212,939 | 895,607 | 317,332 | 4.4 | 65% |
| 2023 | 1,653,369 | 1,354,622 | 298,747 | 5.5 | 66% |
In its most recent public year (2023), this organization brought in $298,747 more than it spent. Its reserves stood at about 5.5 months of spending, up from -0.3 in 2020. Staff pay was 66% of spending. $47,500 of its net assets are donor-restricted.
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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