Minnesota Independence College And Community
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,743,834 | 1,782,320 | −38,486 | 6.8 | 49% |
| 2012 | 2,124,548 | 2,040,981 | 83,567 | 6.4 | 53% |
| 2013 | 2,531,047 | 2,141,508 | 389,539 | 8.3 | 55% |
| 2014 | 2,280,839 | 2,154,746 | 126,093 | 8.9 | 57% |
| 2015 | 2,790,679 | 2,566,158 | 224,521 | 8.5 | 55% |
| 2016 | 2,762,136 | 2,687,130 | 75,006 | 8.5 | 60% |
| 2017 | 2,625,470 | 2,743,694 | −118,224 | 7.8 | 60% |
| 2018 | 3,369,637 | 3,047,903 | 321,734 | 8.3 | 57% |
| 2019 | 4,393,301 | 3,974,349 | 418,952 | 7.7 | 57% |
| 2020 | 4,603,297 | 4,418,027 | 185,270 | 7.4 | 61% |
| 2021 | 5,662,588 | 4,902,312 | 760,276 | 8.7 | 59% |
| 2023 | 7,166,055 | 6,544,169 | 621,886 | 7.8 | 51% |
In its most recent public year (2023), this organization brought in $621,886 more than it spent. Its reserves stood at about 7.8 months of spending. Staff pay was 51% of spending. $819,370 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
Minnesota Independence College And Community's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works