Blue Earth County Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 391,856 | 307,988 | 83,868 | 77.6 | 44% |
| 2021 | 381,496 | 339,707 | 41,789 | 72.2 | 42% |
| 2022 | 485,751 | 438,656 | 47,095 | 55.5 | 40% |
| 2023 | 319,205 | 603,798 | −284,593 | 36.0 | 33% |
In its most recent public year (2023), this organization spent $284,593 more than it brought in. Its reserves stood at about 36 months of spending, down from 77.6 in 2020. Staff pay was 33% of spending. $342,021 of its net assets are donor-restricted.
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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