Mille Lacs Area Tourism Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 139,519 | 122,336 | 17,183 | 16.4 | — |
| 2012 | 119,351 | 99,730 | 19,621 | 22.5 | — |
| 2013 | 128,537 | 97,817 | 30,720 | 26.7 | — |
| 2014 | 176,878 | 231,101 | −54,223 | 8.4 | — |
| 2015 | 159,038 | 142,841 | 16,197 | 15.0 | — |
| 2016 | 200,692 | 186,198 | 14,494 | 12.4 | — |
| 2017 | 346,512 | 329,167 | 17,345 | 7.7 | 9% |
| 2018 | 190,251 | 181,239 | 9,012 | 14.5 | 17% |
| 2019 | 179,007 | 131,867 | 47,140 | 24.2 | 23% |
| 2020 | 124,621 | 102,040 | 22,581 | 33.9 | 29% |
| 2021 | 141,576 | 182,180 | −40,604 | 16.3 | — |
| 2023 | 87,169 | 166,728 | −79,559 | 11.9 | — |
In its most recent public year (2023), this organization spent $79,559 more than it brought in. Its reserves stood at about 11.9 months of spending, down from 16.4 in 2011.
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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