Louisville Academy Of Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 196,745 | 265,631 | −68,886 | 12.5 | 78% |
| 2012 | 177,857 | 216,665 | −38,808 | 14.7 | 79% |
| 2013 | 175,258 | 222,547 | −47,289 | 14.5 | 59% |
| 2014 | 175,054 | 235,544 | −60,490 | 2.5 | 62% |
| 2015 | 220,811 | 207,661 | 13,150 | 3.4 | 70% |
| 2016 | 225,523 | 221,726 | 3,797 | -2.6 | 67% |
| 2017 | 233,640 | 222,778 | 10,862 | -2.4 | 68% |
| 2018 | 250,399 | 226,317 | 24,082 | 9.3 | 93% |
| 2019 | 358,121 | 299,976 | 58,145 | 9.3 | 78% |
| 2020 | 421,489 | 381,169 | 40,320 | 8.6 | 72% |
| 2021 | 477,050 | 416,171 | 60,879 | 9.6 | 71% |
| 2022 | 223,091 | 228,266 | −5,175 | 17.3 | 71% |
| 2023 | 679,987 | 631,827 | 48,160 | 7.2 | 66% |
In its most recent public year (2023), this organization brought in $48,160 more than it spent. Its reserves stood at about 7.2 months of spending, down from 12.5 in 2011. Staff pay was 66% of spending. $60,849 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 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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