Minnesota Association Of Realtors
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,082,253 | 4,313,291 | 768,962 | 20.1 | 43% |
| 2021 | 5,202,086 | 4,812,477 | 389,609 | 18.8 | 41% |
| 2022 | 5,330,547 | 4,947,432 | 383,115 | 18.4 | 41% |
| 2023 | 5,590,607 | 5,501,338 | 89,269 | 17.1 | 41% |
In its most recent public year (2023), this organization brought in $89,269 more than it spent. Its reserves stood at about 17.1 months of spending, down from 20.1 in 2020. Staff pay was 41% 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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