Textile Center Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 952,102 | 828,756 | 123,346 | 32.0 | 36% |
| 2013 | 611,056 | 796,984 | −185,928 | 30.9 | 43% |
| 2014 | 510,647 | 798,308 | −287,661 | 26.7 | 56% |
| 2015 | 684,976 | 761,694 | −76,718 | 27.1 | 50% |
| 2016 | 852,296 | 854,914 | −2,618 | 23.9 | 52% |
| 2017 | 876,344 | 846,201 | 30,143 | 25.0 | 54% |
| 2018 | 825,889 | 939,363 | −113,474 | 21.2 | 47% |
| 2019 | 1,007,760 | 971,483 | 36,277 | 21.1 | 46% |
| 2020 | 1,291,977 | 1,113,485 | 178,492 | 19.9 | 48% |
| 2021 | 802,435 | 906,502 | −104,067 | 24.9 | 57% |
| 2022 | 1,065,297 | 995,367 | 69,930 | 23.8 | 52% |
| 2023 | 1,166,686 | 1,050,220 | 116,466 | 23.3 | 54% |
| 2024 | 1,287,390 | 1,264,339 | 23,051 | 20.0 | 54% |
In its most recent public year (2024), this organization brought in $23,051 more than it spent. Its reserves stood at about 20 months of spending, down from 32 in 2012. Staff pay was 54% of spending. $715,828 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 2024. 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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