Guitar Foundation Of America Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 361,219 | 348,418 | 12,801 | 4.7 | 21% |
| 2012 | 417,261 | 384,559 | 32,702 | 5.3 | 21% |
| 2013 | 446,777 | 490,354 | −43,577 | 3.1 | 17% |
| 2014 | 471,442 | 420,476 | 50,966 | 5.0 | 20% |
| 2015 | 485,145 | 595,928 | −110,783 | 1.3 | 8% |
| 2016 | 469,899 | 432,992 | 36,907 | 2.8 | 10% |
| 2017 | 528,903 | 544,143 | −15,240 | 2.0 | 15% |
| 2018 | 413,519 | 388,425 | 25,094 | 1.9 | 18% |
| 2019 | 439,154 | 416,619 | 22,535 | 2.6 | 14% |
| 2020 | 321,090 | 264,636 | 56,454 | 7.6 | 44% |
| 2021 | 284,501 | 285,647 | −1,146 | 9.7 | 47% |
| 2022 | 424,278 | 445,994 | −21,716 | 4.1 | 35% |
| 2023 | 652,912 | 699,839 | −46,927 | 2.2 | 21% |
In its most recent public year (2023), this organization spent $46,927 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 4.7 in 2011. Staff pay was 21% 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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