Livonia Civic Chorus
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 52,769 | 53,529 | −760 | 5.5 | — |
| 2022 | 74,404 | 31,199 | 43,205 | 26.0 | — |
| 2023 | 125,459 | 45,382 | 80,077 | 39.1 | — |
| 2024 | 85,422 | 37,239 | 48,183 | 66.4 | — |
In its most recent public year (2024), this organization brought in $48,183 more than it spent. Its reserves stood at about 66.4 months of spending, up from 5.5 in 2019.
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 2024. 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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