Minneapolis Heart Institute Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,019,660 | 9,476,392 | 543,268 | 25.8 | 48% |
| 2012 | 11,166,713 | 9,994,117 | 1,172,596 | 27.7 | 50% |
| 2013 | 12,081,851 | 10,189,995 | 1,891,856 | 31.7 | 49% |
| 2014 | 9,139,945 | 9,678,261 | −538,316 | 32.6 | 50% |
| 2015 | 9,963,458 | 9,903,170 | 60,288 | 29.4 | 54% |
| 2016 | 10,212,473 | 9,778,300 | 434,173 | 30.9 | 58% |
| 2017 | 11,527,203 | 10,047,189 | 1,480,014 | 35.1 | 52% |
| 2018 | 12,319,262 | 11,103,013 | 1,216,249 | 29.8 | 53% |
| 2019 | 18,298,974 | 12,146,321 | 6,152,653 | 37.2 | 55% |
| 2020 | 19,174,876 | 12,280,946 | 6,893,930 | 46.2 | 55% |
| 2021 | 18,354,504 | 13,185,117 | 5,169,387 | 48.9 | 55% |
| 2022 | 23,655,940 | 14,808,254 | 8,847,686 | 45.5 | 57% |
| 2023 | 14,336,467 | 16,550,155 | −2,213,688 | 40.8 | 56% |
In its most recent public year (2023), this organization spent $2,213,688 more than it brought in. Its reserves stood at about 40.8 months of spending, up from 25.8 in 2011. Staff pay was 56% of spending. $43,639,473 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
Minneapolis Heart Institute Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works