Redtone Records
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 153,802 | 15,227 | 138,575 | 109.2 | 0% |
| 2020 | 53,991 | 167,775 | −113,784 | 1.8 | — |
| 2021 | 301,575 | 322,429 | −20,854 | 0.1 | 17% |
| 2022 | 342,292 | 367,712 | −25,420 | -0.7 | 0% |
| 2023 | 395,896 | 462,812 | −66,916 | -2.3 | 0% |
In its most recent public year (2023), this organization spent $66,916 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), down from 109.2 in 2019. Staff pay was 0% 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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