Southwest Florida Music Education Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 50,300 | 7,527 | 42,773 | 68.2 | — |
| 2020 | 61,000 | 23,388 | 37,612 | 41.2 | — |
| 2021 | 544,488 | 179,487 | 365,001 | 29.8 | 35% |
| 2022 | 7,490,658 | 1,167,447 | 6,323,211 | 70.9 | 16% |
| 2023 | 1,143,466 | 2,558,055 | −1,414,589 | 25.7 | 10% |
In its most recent public year (2023), this organization spent $1,414,589 more than it brought in. Its reserves stood at about 25.7 months of spending, down from 68.2 in 2019. Staff pay was 10% of spending. $2,544,692 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 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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