Friends Of Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 86,091 | 63,494 | 22,597 | 13.5 | — |
| 2021 | 45,181 | 45,284 | −103 | 18.4 | — |
| 2022 | 111,906 | 122,418 | −10,512 | 5.8 | — |
| 2023 | 124,779 | 116,990 | 7,789 | 7.0 | — |
| 2024 | 137,222 | 115,838 | 21,384 | 9.3 | — |
In its most recent public year (2024), this organization brought in $21,384 more than it spent. Its reserves stood at about 9.3 months of spending, down from 13.5 in 2020.
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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