Music Changing Lives
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 258,704 | 242,642 | 16,062 | 0.8 | — |
| 2016 | 133,835 | 129,863 | 3,972 | 0.4 | — |
| 2017 | 114,985 | 118,359 | −3,374 | 0.0 | 36% |
| 2018 | 300,756 | 139,093 | 161,663 | 1.1 | 46% |
| 2019 | 1,327,867 | 991,317 | 336,550 | 5.7 | 0% |
| 2020 | 1,327,867 | 991,317 | 336,550 | 2.0 | 5% |
| 2021 | 1,981,255 | 1,931,038 | 50,217 | 2.8 | 0% |
| 2022 | 2,810,355 | 734,962 | 2,075,393 | 42.4 | 11% |
In its most recent public year (2022), this organization brought in $2,075,393 more than it spent. Its reserves stood at about 42.4 months of spending, up from 0.8 in 2015. Staff pay was 11% of spending.
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 2022. 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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