Musicares Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 32,357,649 | 26,860,161 | 5,497,488 | 12.3 | 7% |
| 2021 | 14,053,875 | 15,353,857 | −1,299,982 | 23.2 | 18% |
| 2022 | 12,363,939 | 11,766,269 | 597,670 | 26.4 | 22% |
| 2023 | 15,259,540 | 12,751,561 | 2,507,979 | 27.4 | 23% |
In its most recent public year (2023), this organization brought in $2,507,979 more than it spent. Its reserves stood at about 27.4 months of spending, up from 12.3 in 2020. Staff pay was 23% of spending. $483,549 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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