Picco Music Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 94,763 | 98,331 | −3,568 | 2.5 | 25% |
| 2021 | 75,588 | 87,331 | −11,743 | 1.2 | 16% |
| 2022 | 73,783 | 74,887 | −1,104 | 1.2 | 11% |
| 2023 | 91,317 | 82,204 | 9,113 | 2.4 | 15% |
In its most recent public year (2023), this organization brought in $9,113 more than it spent. Its reserves stood at about 2.4 months of spending. Staff pay was 15% 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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