Lake Minnetonka Sailing School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 339,111 | 454,518 | −115,407 | 22.8 | 63% |
| 2021 | 488,054 | 509,486 | −21,432 | 20.1 | 55% |
| 2022 | 480,912 | 526,319 | −45,407 | 18.5 | 55% |
| 2023 | 746,900 | 621,802 | 125,098 | 19.3 | 42% |
In its most recent public year (2023), this organization brought in $125,098 more than it spent. Its reserves stood at about 19.3 months of spending, down from 22.8 in 2020. Staff pay was 42% 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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