Music Academy Of North Carolina Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 777,625 | 853,027 | −75,402 | 6.8 | 50% |
| 2013 | 915,627 | 951,796 | −36,169 | 5.7 | 51% |
| 2014 | 959,515 | 939,269 | 20,246 | 6.0 | 54% |
| 2015 | 920,180 | 965,059 | −44,879 | 5.3 | 53% |
| 2016 | 918,613 | 915,918 | 2,695 | 5.6 | 52% |
| 2017 | 888,654 | 866,621 | 22,033 | 6.2 | 52% |
| 2018 | 743,494 | 708,457 | 35,037 | 8.2 | 62% |
| 2019 | 629,047 | 659,664 | −30,617 | 8.3 | 63% |
| 2020 | 666,595 | 678,776 | −12,181 | 7.8 | 63% |
| 2021 | 759,628 | 652,899 | 106,729 | 10.0 | 63% |
| 2022 | 637,956 | 680,942 | −42,986 | 8.9 | 64% |
| 2023 | 1,036,874 | 745,114 | 291,760 | 12.8 | 63% |
| 2024 | 1,884,712 | 805,944 | 1,078,768 | 27.9 | 66% |
In its most recent public year (2024), this organization brought in $1,078,768 more than it spent. Its reserves stood at about 27.9 months of spending, up from 6.8 in 2012. Staff pay was 66% of spending. $980,307 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 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
Music Academy Of North Carolina Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works