Virginia Choral Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 50,629 | 41,246 | 9,383 | 30.2 | — |
| 2012 | 119,497 | 51,792 | 67,705 | 41.3 | — |
| 2013 | 59,378 | 115,946 | −56,568 | 14.2 | — |
| 2014 | 98,124 | 76,795 | 21,329 | 30.3 | — |
| 2015 | 57,508 | 56,694 | 814 | 45.7 | 53% |
| 2016 | 514,051 | 56,893 | 457,158 | 148.8 | 53% |
| 2017 | 202,826 | 85,649 | 117,177 | 112.7 | 37% |
| 2018 | 315,793 | 253,389 | 62,404 | 41.5 | 7% |
| 2019 | 80,939 | 83,000 | −2,061 | 135.0 | 44% |
| 2020 | 28,465 | 70,027 | −41,562 | 148.2 | 47% |
| 2021 | 117,408 | 66,283 | 51,125 | 185.3 | 50% |
| 2022 | 77,429 | 77,898 | −469 | 141.6 | 43% |
| 2023 | 75,353 | 98,484 | −23,131 | 117.3 | 35% |
In its most recent public year (2023), this organization spent $23,131 more than it brought in. Its reserves stood at about 117.3 months of spending, up from 30.2 in 2011. Staff pay was 35% of spending. $887,516 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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