Grand Rapids Symphony Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 2,611,413 | 218,845 | 2,392,568 | 1512.2 | 0% |
| 2019 | 980,601 | 1,271,011 | −290,410 | 250.7 | 0% |
| 2020 | 414,119 | 1,456,143 | −1,042,024 | 226.8 | 0% |
| 2021 | 2,274,103 | 1,402,424 | 871,679 | 277.7 | 0% |
| 2022 | 2,358,348 | 1,397,165 | 961,183 | 230.9 | 0% |
| 2023 | 339,322 | 1,757,720 | −1,418,398 | 187.8 | 0% |
In its most recent public year (2023), this organization spent $1,418,398 more than it brought in. Its reserves stood at about 187.8 months of spending. Staff pay was 0% of spending. $29,386,252 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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