Minnesota Shopping Center Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 388,127 | 439,840 | −51,713 | 10.2 | 43% |
| 2021 | 327,005 | 371,271 | −44,266 | 10.1 | 54% |
| 2022 | 370,932 | 420,211 | −49,279 | 7.5 | 44% |
| 2023 | 387,240 | 453,113 | −65,873 | 5.2 | 42% |
In its most recent public year (2023), this organization spent $65,873 more than it brought in. Its reserves stood at about 5.2 months of spending, down from 10.2 in 2020. Staff pay was 42% 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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