Honors Choirs Of Southeast Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 280,318 | 298,245 | −17,927 | 3.0 | 54% |
| 2013 | 416,282 | 415,803 | 479 | 2.2 | 40% |
| 2014 | 345,166 | 313,828 | 31,338 | 4.1 | 50% |
| 2015 | 460,216 | 411,071 | 49,145 | 4.5 | 40% |
| 2016 | 670,056 | 650,439 | 19,617 | 3.2 | 27% |
| 2017 | 371,414 | 356,962 | 14,452 | 6.4 | 51% |
| 2018 | 528,641 | 511,677 | 16,964 | 4.9 | 37% |
| 2019 | 688,952 | 725,446 | −36,494 | 2.8 | 29% |
| 2020 | 342,130 | 335,433 | 6,697 | 6.3 | 58% |
| 2021 | 230,905 | 190,575 | 40,330 | 13.7 | 76% |
| 2022 | 509,429 | 488,541 | 20,888 | 5.9 | 36% |
| 2023 | 534,901 | 611,848 | −76,947 | 3.2 | 35% |
In its most recent public year (2023), this organization spent $76,947 more than it brought in. Its reserves stood at about 3.2 months of spending. Staff pay was 35% 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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