The Hormel Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,606,923 | 10,506,578 | −899,655 | 480.3 | 3% |
| 2012 | 57,871,541 | 9,514,313 | 48,357,228 | 610.2 | 3% |
| 2013 | 13,187,207 | 32,679,356 | −19,492,149 | 244.6 | 1% |
| 2014 | 18,816,823 | 25,109,482 | −6,292,659 | 369.5 | 1% |
| 2015 | 44,596,803 | 19,573,247 | 25,023,556 | 661.2 | 2% |
| 2016 | 21,715,069 | 39,489,938 | −17,774,869 | 295.1 | 1% |
| 2017 | 27,304,605 | 16,753,321 | 10,551,284 | 747.4 | 3% |
| 2018 | 25,370,690 | 26,467,945 | −1,097,255 | 581.3 | 2% |
| 2019 | 76,811,912 | 21,094,632 | 55,717,280 | 760.1 | 2% |
| 2020 | 29,596,789 | 18,582,274 | 11,014,515 | 924.6 | 3% |
| 2021 | 93,848,142 | 32,074,053 | 61,774,089 | 502.9 | 2% |
| 2022 | 34,366,937 | 28,627,138 | 5,739,799 | 630.1 | 2% |
| 2023 | 37,415,875 | 29,418,311 | 7,997,564 | 419.9 | 2% |
In its most recent public year (2023), this organization brought in $7,997,564 more than it spent. Its reserves stood at about 419.9 months of spending, down from 480.3 in 2011. Staff pay was 2% of spending. $34,484,199 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
The Hormel Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works