Minnesota Citizens For The Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 425,595 | 416,821 | 8,774 | 2.1 | 47% |
| 2012 | 428,296 | 424,385 | 3,911 | 2.2 | 43% |
| 2013 | 433,509 | 427,702 | 5,807 | 2.4 | 47% |
| 2014 | 415,666 | 413,994 | 1,672 | 2.5 | 46% |
| 2015 | 486,103 | 479,885 | 6,218 | 2.3 | 49% |
| 2016 | 487,157 | 466,458 | 20,699 | 2.9 | 47% |
| 2017 | 503,182 | 496,419 | 6,763 | 2.9 | 51% |
| 2018 | 488,260 | 477,594 | 10,666 | 3.3 | 47% |
| 2019 | 544,269 | 528,677 | 15,592 | 3.3 | 50% |
| 2020 | 517,770 | 499,638 | 18,132 | 3.9 | 49% |
| 2021 | 532,773 | 493,581 | 39,192 | 4.9 | 37% |
| 2022 | 662,913 | 666,199 | −3,286 | 3.6 | 32% |
| 2023 | 505,644 | 522,601 | −16,957 | 4.2 | 53% |
In its most recent public year (2023), this organization spent $16,957 more than it brought in. Its reserves stood at about 4.2 months of spending, up from 2.1 in 2011. Staff pay was 53% 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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