The Freedom Foundation Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 266,824 | 235,537 | 31,287 | 3.0 | 49% |
| 2021 | 347,821 | 267,520 | 80,301 | 6.2 | 45% |
| 2022 | 179,378 | 248,911 | −69,533 | 3.3 | 48% |
| 2023 | 225,040 | 263,132 | −38,092 | 1.4 | 42% |
In its most recent public year (2023), this organization spent $38,092 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 3 in 2020. Staff pay was 42% 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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