Did you know that nonprofits are required to disclose their tax returns every year? Nonprofits are public companies, and one of the conditions for not having to pay taxes is that they must make their annual tax returns available to the public. Every year we review the returns of local nonprofits to look at trends and see where the organizations are spending their money and how healthy they are. The returns list revenue and expense totals for the year, with breakdowns including executive director and music director pay, fundraising expenses, management expenses, and overall debt. If you are curious about any nonprofit, you can search for their information at https://candid.org.
