Herbie Hancock Institute Of Jazz
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $2,200,242 | $2,188,679 | $11,563 | 8.5 | 37% |
| 2021 | $2,382,953 | $2,473,451 | −$90,498 | 7.1 | 31% |
| 2022 | $2,592,623 | $2,761,548 | −$168,925 | 5.6 | 27% |
| 2023 | $3,563,942 | $2,903,120 | $660,822 | 8.1 | 26% |
In its most recent public year (2023), this organization brought in $660,822 more than it spent. Its reserves stood at about 8.1 months of spending. Staff pay was 26% of spending. $1,654,791 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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