Minneapolis Rowing Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 245,838 | 310,014 | −64,176 | 2.2 | 19% |
| 2012 | 226,927 | 234,231 | −7,304 | 2.6 | 27% |
| 2013 | 228,522 | 224,951 | 3,571 | 2.8 | 33% |
| 2014 | 233,830 | 209,990 | 23,840 | 4.4 | 34% |
| 2015 | 307,590 | 238,868 | 68,722 | 7.3 | 38% |
| 2016 | 351,938 | 333,007 | 18,931 | 5.9 | 35% |
| 2017 | 327,367 | 306,914 | 20,453 | 7.2 | 35% |
| 2018 | 219,413 | 357,772 | −138,359 | 6.6 | 38% |
| 2019 | 434,238 | 466,632 | −32,394 | 4.7 | 27% |
| 2020 | 218,879 | 227,289 | −8,410 | 9.2 | 47% |
| 2021 | 374,336 | 345,803 | 28,533 | 7.1 | 42% |
| 2022 | 440,980 | 476,924 | −35,944 | 4.2 | 32% |
| 2023 | 473,598 | 472,607 | 991 | 4.3 | 37% |
In its most recent public year (2023), this organization brought in $991 more than it spent. Its reserves stood at about 4.3 months of spending, up from 2.2 in 2011. Staff pay was 37% 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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