Vesterheim Norwegian American Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,534,497 | 1,447,897 | 86,600 | 70.3 | 30% |
| 2012 | 1,971,036 | 1,685,255 | 285,781 | 62.4 | 40% |
| 2013 | 2,534,233 | 1,978,803 | 555,430 | 61.3 | 37% |
| 2014 | 3,292,516 | 2,182,033 | 1,110,483 | 62.5 | 34% |
| 2015 | 4,721,836 | 2,413,816 | 2,308,020 | 64.1 | 34% |
| 2016 | 2,915,328 | 2,258,427 | 656,901 | 79.0 | 37% |
| 2017 | 2,678,529 | 2,626,775 | 51,754 | 73.4 | 35% |
| 2018 | 5,247,853 | 2,772,561 | 2,475,292 | 70.4 | 36% |
| 2019 | 3,077,295 | 3,198,843 | −121,548 | 68.1 | 36% |
| 2020 | 2,153,032 | 2,933,339 | −780,307 | 75.7 | 40% |
| 2021 | 7,187,886 | 2,823,052 | 4,364,834 | 100.2 | 50% |
| 2022 | 5,553,551 | 3,340,220 | 2,213,331 | 82.6 | 45% |
| 2023 | 5,032,867 | 3,841,101 | 1,191,766 | 78.8 | 42% |
In its most recent public year (2023), this organization brought in $1,191,766 more than it spent. Its reserves stood at about 78.8 months of spending, up from 70.3 in 2011. Staff pay was 42% of spending. $12,111,547 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
Vesterheim Norwegian American Museum's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works