Opus Ithaca School Of Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 520,089 | 461,654 | 58,435 | 2.4 | 26% |
| 2021 | 512,201 | 520,756 | −8,555 | 2.0 | 29% |
| 2022 | 624,876 | 565,894 | 58,982 | 3.0 | 26% |
| 2023 | 737,301 | 666,272 | 71,029 | 3.9 | 24% |
In its most recent public year (2023), this organization brought in $71,029 more than it spent. Its reserves stood at about 3.9 months of spending, up from 2.4 in 2020. Staff pay was 24% 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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