Minneapolis Electrical Industry Market Improvement Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 342,577 | 545,791 | −203,214 | 19.8 | 0% |
| 2021 | 327,278 | 285,617 | 41,661 | 39.7 | 0% |
| 2022 | 342,106 | 376,968 | −34,862 | 28.9 | 0% |
| 2023 | 302,943 | 665,627 | −362,684 | 9.9 | 0% |
In its most recent public year (2023), this organization spent $362,684 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 19.8 in 2020. Staff pay was 0% of spending.
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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