Minnesotans Military Appreciation Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,953,715 | 737,977 | 1,215,738 | 229.0 | 10% |
| 2021 | 1,980,347 | 774,368 | 1,205,979 | 273.1 | 11% |
| 2022 | 2,453,604 | 847,171 | 1,606,433 | 258.5 | 10% |
| 2023 | 2,403,547 | 546,284 | 1,857,263 | 445.0 | 16% |
In its most recent public year (2023), this organization brought in $1,857,263 more than it spent. Its reserves stood at about 445 months of spending, up from 229 in 2020. Staff pay was 16% 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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