Minnesota Korean Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 165,217 | 65,544 | 99,673 | 56.4 | — |
| 2017 | 97,233 | 64,918 | 32,315 | 63.0 | — |
| 2018 | 106,942 | 83,508 | 23,434 | 52.3 | — |
| 2019 | 78,934 | 59,339 | 19,595 | 77.6 | — |
| 2020 | 49,586 | 53,205 | −3,619 | 85.7 | — |
| 2021 | 32,997 | 46,508 | −13,511 | 94.6 | — |
| 2022 | 32,562 | 45,164 | −12,602 | 94.0 | — |
In its most recent public year (2022), this organization spent $12,602 more than it brought in. Its reserves stood at about 94 months of spending, up from 56.4 in 2016.
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 2022. 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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