Norwegian-American Historical Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 156,365 | 123,832 | 32,533 | 110.6 | 59% |
| 2012 | 169,046 | 127,783 | 41,263 | 142.4 | 69% |
| 2013 | 217,693 | 130,279 | 87,414 | 164.4 | 56% |
| 2014 | 312,500 | 186,170 | 126,330 | 126.6 | 40% |
| 2015 | 203,705 | 138,701 | 65,004 | 162.7 | 39% |
| 2016 | 206,300 | 203,695 | 2,605 | 115.4 | 34% |
| 2017 | 294,093 | 132,844 | 161,249 | 208.8 | 56% |
| 2018 | 263,539 | 127,057 | 136,482 | 283.7 | 85% |
| 2019 | 224,376 | 160,575 | 63,801 | 257.4 | 64% |
| 2020 | 411,165 | 467,885 | −56,720 | 90.2 | 31% |
| 2021 | 519,355 | 298,074 | 221,281 | 159.3 | 65% |
| 2022 | 371,031 | 394,052 | −23,021 | 98.7 | 55% |
| 2023 | 581,731 | 280,250 | 301,481 | 163.0 | 71% |
In its most recent public year (2023), this organization brought in $301,481 more than it spent. Its reserves stood at about 163 months of spending, up from 110.6 in 2011. Staff pay was 71% of spending. $942,681 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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