Sheet Metal Industry Fund Of Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,040,838 | 1,054,290 | −13,452 | 1.0 | 0% |
| 2021 | 1,085,144 | 1,082,842 | 2,302 | 1.0 | 0% |
| 2022 | 1,049,258 | 1,051,714 | −2,456 | 1.0 | 0% |
| 2023 | 1,055,976 | 1,051,752 | 4,224 | 1.1 | 0% |
In its most recent public year (2023), this organization brought in $4,224 more than it spent. Its reserves stood at about 1.1 months of spending. Staff pay was 0% 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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