The Music Academy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 153,358 | 149,026 | 4,332 | 0.7 | — |
| 2021 | 382,199 | 411,874 | −29,675 | -0.6 | 37% |
| 2022 | 478,286 | 483,458 | −5,172 | -0.6 | 33% |
| 2023 | 598,871 | 559,633 | 39,238 | 0.3 | 32% |
In its most recent public year (2023), this organization brought in $39,238 more than it spent. Its reserves stood at about 0.3 months of spending. Staff pay was 32% 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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