Gala Choruses Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 177,160 | 313,609 | −136,449 | -5.8 | 0% |
| 2012 | 1,810,187 | 1,139,113 | 671,074 | 5.5 | 0% |
| 2013 | 232,036 | 320,435 | −88,399 | 16.2 | 0% |
| 2014 | 186,800 | 383,398 | −196,598 | 7.3 | 0% |
| 2015 | 190,228 | 518,537 | −328,309 | -1.4 | 0% |
| 2016 | 2,083,034 | 1,635,637 | 447,397 | 2.8 | 0% |
| 2017 | 206,435 | 392,922 | −186,487 | 6.7 | 0% |
| 2018 | 186,744 | 394,220 | −207,476 | 0.4 | 0% |
| 2019 | 239,223 | 561,430 | −322,207 | -6.9 | 0% |
| 2020 | 831,660 | 460,795 | 370,865 | 1.3 | 0% |
| 2021 | 339,129 | 337,965 | 1,164 | 1.7 | 0% |
| 2022 | 229,528 | 494,339 | −264,811 | -5.2 | 0% |
| 2023 | 821,889 | 626,971 | 194,918 | -0.4 | 0% |
In its most recent public year (2023), this organization brought in $194,918 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -5.8 in 2011. Staff pay was 0% of spending. $15,177 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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