Minnesota Boychoir
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 870,346 | 868,830 | 1,516 | 1.9 | 16% |
| 2012 | 358,692 | 360,289 | −1,597 | 4.5 | 41% |
| 2013 | 389,951 | 352,269 | 37,682 | 5.8 | 41% |
| 2014 | 547,743 | 450,942 | 96,801 | 7.1 | 32% |
| 2015 | 657,795 | 625,481 | 32,314 | 5.8 | 33% |
| 2016 | 557,728 | 505,526 | 52,202 | 8.4 | 44% |
| 2017 | 523,570 | 548,199 | −24,629 | 7.2 | 44% |
| 2018 | 530,542 | 507,449 | 23,093 | 8.3 | 46% |
| 2019 | 621,661 | 622,974 | −1,313 | 6.8 | 41% |
| 2020 | 440,294 | 482,541 | −42,247 | 7.7 | 57% |
| 2021 | 442,220 | 418,131 | 24,089 | 9.6 | 66% |
| 2022 | 439,924 | 593,601 | −153,677 | 3.5 | 49% |
| 2023 | 569,609 | 525,972 | 43,637 | 4.9 | 54% |
In its most recent public year (2023), this organization brought in $43,637 more than it spent. Its reserves stood at about 4.9 months of spending, up from 1.9 in 2011. Staff pay was 54% of spending. $43,286 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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