Biwabik Area Civic Assoc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 18,826 | 19,617 | −791 | 23.8 | — |
| 2013 | 35,926 | 34,988 | 938 | 13.6 | — |
| 2014 | 24,220 | 33,749 | −9,529 | 10.8 | — |
| 2015 | 33,157 | 37,428 | −4,271 | 8.3 | — |
| 2016 | 29,718 | 30,833 | −1,115 | 9.7 | — |
| 2017 | 32,093 | 34,533 | −2,440 | 7.8 | — |
| 2018 | 33,392 | 25,708 | 7,684 | 14.0 | — |
| 2019 | 33,715 | 28,832 | 4,883 | 14.6 | — |
| 2020 | 3,794 | 12,235 | −8,441 | 26.0 | — |
| 2021 | 28,740 | 22,640 | 6,100 | 17.3 | — |
| 2022 | 38,564 | 28,345 | 10,219 | 18.1 | — |
| 2023 | 72,862 | 64,604 | 8,258 | 9.5 | — |
In its most recent public year (2023), this organization brought in $8,258 more than it spent. Its reserves stood at about 9.5 months of spending, down from 23.8 in 2012.
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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