Minnesota Chorale
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 245,761 | 262,229 | −16,468 | 4.5 | 67% |
| 2022 | 452,546 | 452,486 | 60 | 2.6 | 61% |
| 2023 | 453,317 | 443,331 | 9,986 | 2.9 | 54% |
In its most recent public year (2023), this organization brought in $9,986 more than it spent. Its reserves stood at about 2.9 months of spending, down from 4.5 in 2021. Staff pay was 54% 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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