New Music Works
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,671 | 39,012 | −341 | 10.3 | 45% |
| 2021 | 38,440 | 25,570 | 12,870 | 21.8 | 53% |
| 2022 | 48,830 | 53,881 | −5,051 | 9.2 | 27% |
| 2023 | 89,810 | 69,260 | 20,550 | 10.7 | 64% |
In its most recent public year (2023), this organization brought in $20,550 more than it spent. Its reserves stood at about 10.7 months of spending. Staff pay was 64% 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 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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