Minnesota State Fair Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,410,142 | 1,718,374 | −308,232 | 24.3 | 29% |
| 2021 | 2,790,131 | 1,920,708 | 869,423 | 29.8 | 28% |
| 2022 | 2,693,185 | 1,992,212 | 700,973 | 30.5 | 22% |
| 2023 | 3,605,633 | 2,333,693 | 1,271,940 | 33.1 | 21% |
In its most recent public year (2023), this organization brought in $1,271,940 more than it spent. Its reserves stood at about 33.1 months of spending, up from 24.3 in 2020. Staff pay was 21% of spending. $3,427,432 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
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