Duluth Graduate Medical Education Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,417,125 | 7,735,119 | −317,994 | 6.7 | 0% |
| 2022 | 7,733,024 | 7,607,573 | 125,451 | 6.7 | 0% |
| 2023 | 7,900,832 | 8,053,109 | −152,277 | 6.0 | 0% |
| 2024 | 8,229,257 | 7,678,485 | 550,772 | 7.3 | 0% |
In its most recent public year (2024), this organization brought in $550,772 more than it spent. Its reserves stood at about 7.3 months of spending. Staff pay was 0% of spending. $971,852 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 2024. 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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