Memphis Music Archives Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 458,852 | 197,960 | 260,892 | 15.8 | 12% |
| 2022 | 66,500 | 314,806 | −248,306 | 0.5 | 16% |
| 2023 | 95,690 | 307,045 | −211,355 | -9.3 | 19% |
In its most recent public year (2023), this organization spent $211,355 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.3 months), down from 15.8 in 2021. Staff pay was 19% 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
Memphis Music Archives Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works