New Song Community Learning Ctr Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 2,251,834 | 1,708,247 | 543,587 | 26.9 | 71% |
| 2018 | 1,520,378 | 1,956,480 | −436,102 | 20.8 | 69% |
| 2019 | 1,302,536 | 1,952,010 | −649,474 | 16.9 | 75% |
| 2020 | 1,783,089 | 2,318,421 | −535,332 | 11.5 | 78% |
| 2021 | 2,082,519 | 2,464,020 | −381,501 | 9.0 | 4% |
| 2022 | 1,932,244 | 2,311,660 | −379,416 | 7.5 | 76% |
| 2023 | 2,288,142 | 2,299,689 | −11,547 | 7.5 | 78% |
In its most recent public year (2023), this organization spent $11,547 more than it brought in. Its reserves stood at about 7.5 months of spending, down from 26.9 in 2017. Staff pay was 78% of spending. $945,725 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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