Carmel Bach Festival Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 190,715 | 39,896 | 150,819 | 2144.7 | 0% |
| 2021 | 315,067 | 51,819 | 263,248 | 1851.3 | 0% |
| 2022 | 222,692 | 457,258 | −234,566 | 166.9 | 0% |
| 2023 | 229,440 | 987,857 | −758,417 | 77.1 | 0% |
In its most recent public year (2023), this organization spent $758,417 more than it brought in. Its reserves stood at about 77.1 months of spending, down from 2144.7 in 2020. Staff pay was 0% of spending. $7,047,947 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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