Seven Mile Music
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 152,052 | 72,632 | 79,420 | 17.8 | — |
| 2020 | 3,770 | 52,276 | −48,506 | 13.7 | — |
| 2021 | 59,227 | 68,749 | −9,522 | 8.7 | — |
| 2022 | 107,536 | 61,770 | 45,766 | 25.9 | — |
| 2023 | 210,452 | 100,797 | 109,655 | 29.0 | 60% |
In its most recent public year (2023), this organization brought in $109,655 more than it spent. Its reserves stood at about 29 months of spending, up from 17.8 in 2019. Staff pay was 60% 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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