Sounding Joy Music Therapy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 319,177 | 263,244 | 55,933 | 5.5 | 66% |
| 2011 | 117,642 | 172,247 | −54,605 | 4.7 | 68% |
| 2012 | 110,464 | 168,350 | −57,886 | 0.6 | 72% |
| 2013 | 146,770 | 125,404 | 21,366 | 2.9 | 63% |
| 2014 | 102,690 | 109,193 | −6,503 | 2.6 | 67% |
| 2015 | 163,634 | 162,751 | 883 | 1.8 | 71% |
| 2016 | 170,595 | 165,780 | 4,815 | 2.1 | 71% |
| 2017 | 169,543 | 182,420 | −12,877 | 1.1 | 71% |
| 2018 | 270,261 | 224,406 | 45,855 | 3.3 | 71% |
| 2019 | 189,269 | 223,663 | −34,394 | 1.5 | 73% |
| 2020 | 93,917 | 158,452 | −64,535 | -2.8 | 68% |
| 2021 | 184,404 | 107,016 | 77,388 | 4.6 | 68% |
| 2022 | 90,972 | 143,335 | −52,363 | -0.9 | 60% |
| 2023 | 153,681 | 156,837 | −3,156 | -1.1 | — |
In its most recent public year (2023), this organization spent $3,156 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.1 months), down from 5.5 in 2010.
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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