Friends Of South Florida Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 0 | 0 | 0 | — | — |
| 2017 | 22,613 | 8,072 | 14,541 | 21.6 | — |
| 2018 | 41,983 | 28,329 | 13,654 | 12.6 | — |
| 2019 | 72,513 | 43,379 | 29,134 | 17.4 | — |
| 2020 | 112,705 | 60,045 | 52,660 | 22.8 | — |
| 2021 | 152,468 | 81,902 | 70,566 | 27.0 | — |
| 2022 | 221,704 | 137,513 | 84,191 | 23.1 | 60% |
| 2023 | 272,152 | 223,400 | 48,752 | 16.8 | 48% |
In its most recent public year (2023), this organization brought in $48,752 more than it spent. Its reserves stood at about 16.8 months of spending. Staff pay was 48% 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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