Luverne Area Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 361,296 | 300,018 | 61,278 | 68.8 | 7% |
| 2012 | 395,008 | 285,012 | 109,996 | 86.2 | 7% |
| 2013 | 563,667 | 423,736 | 139,931 | 71.6 | 6% |
| 2014 | 749,522 | 430,571 | 318,951 | 82.8 | 6% |
| 2015 | 860,223 | 545,766 | 314,457 | 71.7 | 5% |
| 2016 | 1,002,344 | 666,593 | 335,751 | 67.6 | 4% |
| 2017 | 693,018 | 647,220 | 45,798 | 71.8 | 5% |
| 2018 | 1,128,135 | 735,365 | 392,770 | 61.3 | 5% |
| 2019 | 2,171,758 | 1,151,373 | 1,020,385 | 48.2 | 4% |
| 2020 | 1,559,044 | 1,042,069 | 516,975 | 61.7 | 5% |
| 2021 | 2,811,176 | 2,438,513 | 372,663 | 30.6 | 2% |
| 2022 | 2,158,225 | 2,325,054 | −166,829 | 27.3 | 3% |
In its most recent public year (2022), this organization spent $166,829 more than it brought in. Its reserves stood at about 27.3 months of spending, down from 68.8 in 2011. Staff pay was 3% of spending. $1,541,250 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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