Minnesota Humanities Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,258,980 | 8,032,122 | −5,773,142 | 22.4 | 24% |
| 2021 | 14,832,976 | 8,259,023 | 6,573,953 | 30.5 | 24% |
| 2022 | 4,358,206 | 9,329,918 | −4,971,712 | 20.0 | 19% |
In its most recent public year (2022), this organization spent $4,971,712 more than it brought in. Its reserves stood at about 20 months of spending, down from 22.4 in 2020. Staff pay was 19% of spending. $11,304,758 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 2022. 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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