Bahamas Music Foundation Usa Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 522,089 | 5,089 | 517,000 | 1219.1 | 0% |
| 2019 | 6,163,195 | 382,664 | 5,780,531 | 197.5 | 0% |
| 2020 | 2,347,814 | 2,195,411 | 152,403 | 35.3 | 0% |
| 2021 | 683,120 | 1,417,370 | −734,250 | 48.5 | 0% |
| 2022 | 136,835 | 1,608,637 | −1,471,802 | 31.5 | 0% |
In its most recent public year (2022), this organization spent $1,471,802 more than it brought in. Its reserves stood at about 31.5 months of spending, down from 1219.1 in 2018. Staff pay was 0% of spending. $32,000 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 2022. 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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