Friends Of The Academy Of Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 223,356 | 219,199 | 4,157 | 4.9 | 0% |
| 2020 | 139,012 | 185,874 | −46,862 | 2.7 | 0% |
| 2021 | 167,835 | 139,282 | 28,553 | 6.1 | 0% |
| 2022 | 274,030 | 136,615 | 137,415 | 18.3 | 0% |
| 2023 | 223,619 | 253,654 | −30,035 | 8.4 | 0% |
In its most recent public year (2023), this organization spent $30,035 more than it brought in. Its reserves stood at about 8.4 months of spending, up from 4.9 in 2019. 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 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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