Duluth Rowing Club Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,354 | 50,392 | 4,962 | 32.0 | — |
| 2012 | 162,062 | 51,459 | 110,603 | 57.1 | — |
| 2013 | 345,030 | 54,767 | 290,263 | 118.7 | 14% |
| 2014 | 185,531 | 56,143 | 129,388 | 144.5 | 10% |
| 2015 | 109,088 | 60,403 | 48,685 | 143.3 | 9% |
| 2016 | 211,405 | 57,684 | 153,721 | 182.0 | 0% |
| 2017 | 219,494 | 87,085 | 132,409 | 138.8 | 0% |
| 2018 | 167,929 | 97,768 | 70,161 | 132.3 | 0% |
| 2019 | 133,905 | 103,409 | 30,496 | 128.6 | 0% |
| 2020 | 22,233 | 54,000 | −31,767 | 239.2 | 0% |
| 2021 | 60,947 | 78,716 | −17,769 | 161.4 | 0% |
| 2022 | 95,682 | 98,283 | −2,601 | 128.9 | 21% |
| 2023 | 142,932 | 123,289 | 19,643 | 104.7 | 28% |
In its most recent public year (2023), this organization brought in $19,643 more than it spent. Its reserves stood at about 104.7 months of spending, up from 32 in 2011. Staff pay was 28% of spending. $1,535 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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