One Achord Guitar Lessons Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 63,864 | 105,457 | −41,593 | -4.5 | 72% |
| 2021 | 76,206 | 94,231 | −18,025 | -7.8 | 76% |
| 2022 | 65,154 | 73,340 | −8,186 | -11.3 | 78% |
| 2023 | 64,254 | 56,827 | 7,427 | -12.7 | 57% |
In its most recent public year (2023), this organization brought in $7,427 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-12.7 months), down from -4.5 in 2020. Staff pay was 57% 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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