Irmo Music Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 29,786 | 19,792 | 9,994 | 9.4 | — |
| 2015 | 14,322 | 7,818 | 6,504 | 33.7 | — |
| 2016 | 24,656 | 12,297 | 12,359 | 33.5 | — |
| 2017 | 41,919 | 23,302 | 18,617 | 27.8 | — |
| 2018 | 43,318 | 34,622 | 8,696 | 21.7 | — |
| 2019 | 49,803 | 41,190 | 8,613 | 20.8 | — |
| 2020 | −1,576 | 34,141 | −35,717 | 12.5 | — |
| 2021 | 102,472 | 14,985 | 87,487 | 98.5 | — |
| 2022 | 55,749 | 30,340 | 25,409 | 58.7 | — |
| 2023 | 23,618 | 33,815 | −10,197 | 49.1 | — |
In its most recent public year (2023), this organization spent $10,197 more than it brought in. Its reserves stood at about 49.1 months of spending, up from 9.4 in 2014.
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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