Life Is Music Music Is Life Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 850 | −850 | -12.0 | — |
| 2018 | 11,466 | 11,098 | 368 | -0.5 | — |
| 2019 | 9,130 | 5,545 | 3,585 | 6.7 | — |
| 2020 | 2,960 | 6,691 | −3,731 | -1.1 | — |
| 2021 | 4,926 | 2,739 | 2,187 | 6.8 | — |
| 2022 | 4,747 | 4,342 | 405 | 5.4 | — |
| 2023 | 6,069 | 5,004 | 1,065 | 7.3 | — |
In its most recent public year (2023), this organization brought in $1,065 more than it spent. Its reserves stood at about 7.3 months of spending, up from -12 in 2017.
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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