Community Music Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,279,155 | 3,446,414 | −167,259 | 14.1 | 50% |
| 2012 | 3,487,330 | 3,586,040 | −98,710 | 13.1 | 49% |
| 2013 | 4,564,196 | 3,847,984 | 716,212 | 15.5 | 47% |
| 2014 | 4,909,759 | 3,968,364 | 941,395 | 19.4 | 50% |
| 2015 | 5,985,529 | 4,477,277 | 1,508,252 | 21.5 | 53% |
| 2016 | 6,352,432 | 5,180,280 | 1,172,152 | 21.0 | 52% |
| 2017 | 7,087,697 | 5,544,150 | 1,543,547 | 23.6 | 40% |
| 2018 | 5,874,477 | 5,516,182 | 358,295 | 24.7 | 41% |
| 2019 | 8,158,572 | 6,903,652 | 1,254,920 | 22.4 | 35% |
| 2020 | 6,240,733 | 7,698,986 | −1,458,253 | 18.0 | 35% |
| 2021 | 6,672,734 | 16,073,682 | −9,400,948 | 2.4 | 17% |
| 2022 | 7,950,655 | 6,566,372 | 1,384,283 | 6.8 | 43% |
| 2023 | 8,371,471 | 7,216,801 | 1,154,670 | 8.5 | 42% |
In its most recent public year (2023), this organization brought in $1,154,670 more than it spent. Its reserves stood at about 8.5 months of spending, down from 14.1 in 2011. Staff pay was 42% of spending. $4,692,983 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
Community Music Center'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