Veterans Of Foreign Wars Dept Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,786,357 | 2,105,619 | −319,262 | 10.5 | 51% |
| 2021 | 716,377 | 739,810 | −23,433 | 29.5 | 47% |
| 2022 | 1,395,935 | 1,347,477 | 48,458 | 16.6 | 37% |
| 2023 | 1,945,504 | 1,822,507 | 122,997 | 13.1 | 50% |
In its most recent public year (2023), this organization brought in $122,997 more than it spent. Its reserves stood at about 13.1 months of spending, up from 10.5 in 2020. Staff pay was 50% 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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