Baltimore Folk Music Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,743 | 41,348 | −2,605 | 17.4 | — |
| 2021 | 8,773 | 4,111 | 4,662 | 188.4 | — |
| 2022 | 8,809 | 8,796 | 13 | 88.1 | — |
| 2023 | 42,773 | 44,101 | −1,328 | 17.2 | — |
| 2024 | 34,393 | 40,821 | −6,428 | 16.7 | — |
In its most recent public year (2024), this organization spent $6,428 more than it brought in. Its reserves stood at about 16.7 months 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 2024. 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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