Hennepin Health Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,804,191 | 14,505,501 | −2,701,310 | 25.2 | 13% |
| 2021 | 10,869,392 | 6,924,245 | 3,945,147 | 61.5 | 33% |
| 2022 | 15,844,364 | 14,468,942 | 1,375,422 | 27.5 | 16% |
| 2023 | 16,663,231 | 10,308,931 | 6,354,300 | 48.4 | 24% |
In its most recent public year (2023), this organization brought in $6,354,300 more than it spent. Its reserves stood at about 48.4 months of spending, up from 25.2 in 2020. Staff pay was 24% of spending. $39,394,972 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
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