Friends Of The Hennepin Canal
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 39,929 | 7,963 | 31,966 | 109.1 | — |
| 2012 | 10,589 | 56,183 | −45,594 | 5.7 | — |
| 2013 | 10,739 | 20,536 | −9,797 | 9.9 | — |
| 2014 | 6,472 | 2,981 | 3,491 | 82.4 | — |
| 2015 | 2,340 | 6,300 | −3,960 | 31.5 | — |
| 2016 | 4,246 | 2,516 | 1,730 | 87.0 | — |
| 2017 | 2,855 | 340 | 2,515 | 732.9 | — |
| 2018 | 3,034 | 1,795 | 1,239 | 147.1 | — |
| 2019 | 4,960 | 2,300 | 2,660 | 128.7 | — |
| 2022 | 272,932 | 161,293 | 111,639 | 11.8 | 0% |
| 2023 | 168,372 | 39,736 | 128,636 | 86.9 | 0% |
In its most recent public year (2023), this organization brought in $128,636 more than it spent. Its reserves stood at about 86.9 months of spending, down from 109.1 in 2011. Staff pay was 0% 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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