Panama City Music Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 96,517 | 75,898 | 20,619 | 68.2 | 0% |
| 2021 | 23,691 | 33,181 | −9,490 | 152.5 | 0% |
| 2022 | 115,534 | 71,046 | 44,488 | 78.8 | 0% |
| 2023 | 97,787 | 66,835 | 30,952 | 92.0 | 0% |
| 2024 | 162,165 | 147,465 | 14,700 | 42.9 | 0% |
In its most recent public year (2024), this organization brought in $14,700 more than it spent. Its reserves stood at about 42.9 months of spending, down from 68.2 in 2020. Staff pay was 0% 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 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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