Minnesota Quilters Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 406,072 | 411,236 | −5,164 | 6.5 | 19% |
| 2012 | 336,232 | 393,403 | −57,171 | 5.1 | 22% |
| 2013 | 389,107 | 355,131 | 33,976 | 6.7 | 18% |
| 2014 | 391,807 | 341,636 | 50,171 | 8.8 | 19% |
| 2015 | 415,017 | 383,808 | 31,209 | 8.6 | 18% |
| 2016 | 406,244 | 392,511 | 13,733 | 8.8 | 18% |
| 2017 | 393,411 | 415,759 | −22,348 | 7.7 | 19% |
| 2018 | 465,736 | 410,880 | 54,856 | 9.4 | 19% |
| 2019 | 443,121 | 410,381 | 32,740 | 10.3 | 19% |
| 2020 | 89,146 | 209,239 | −120,093 | 14.0 | 39% |
| 2021 | 245,241 | 242,752 | 2,489 | 12.1 | 25% |
| 2022 | 402,463 | 391,892 | 10,571 | 6.4 | 23% |
| 2023 | 325,244 | 377,096 | −51,852 | 5.5 | 24% |
In its most recent public year (2023), this organization spent $51,852 more than it brought in. Its reserves stood at about 5.5 months of spending. Staff pay was 24% of spending. $10,000 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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