Minneapolis College Of Art & Design
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 25,683,458 | 26,381,674 | −698,216 | 22.0 | 39% |
| 2012 | 27,256,061 | 25,966,808 | 1,289,253 | 21.6 | 41% |
| 2013 | 28,544,476 | 26,422,545 | 2,121,931 | 25.6 | 38% |
| 2014 | 30,752,672 | 27,890,066 | 2,862,606 | 28.2 | 36% |
| 2015 | 50,977,097 | 28,840,079 | 22,137,018 | 28.8 | 35% |
| 2016 | 32,750,181 | 30,881,172 | 1,869,009 | 26.7 | 34% |
| 2017 | 34,379,744 | 32,774,560 | 1,605,184 | 27.4 | 34% |
| 2018 | 36,922,051 | 33,802,600 | 3,119,451 | 27.8 | 35% |
| 2019 | 36,897,761 | 35,685,405 | 1,212,356 | 26.1 | 31% |
| 2020 | 37,447,640 | 36,707,484 | 740,156 | 25.5 | 32% |
| 2021 | 37,306,489 | 36,426,772 | 879,717 | 29.4 | 31% |
| 2022 | 41,322,391 | 41,458,343 | −135,952 | 23.6 | 32% |
| 2023 | 36,079,383 | 42,699,410 | −6,620,027 | 21.0 | 33% |
In its most recent public year (2023), this organization spent $6,620,027 more than it brought in. Its reserves stood at about 21 months of spending. Staff pay was 33% of spending. $41,629,618 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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