Red Wing Marine Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,259 | 11,824 | −5,565 | 176.6 | — |
| 2021 | 23,483 | 10,945 | 12,538 | 204.5 | — |
| 2022 | 10,658 | 15,842 | −5,184 | 137.4 | — |
| 2023 | 7,478 | 27,553 | −20,075 | 70.2 | — |
In its most recent public year (2023), this organization spent $20,075 more than it brought in. Its reserves stood at about 70.2 months of spending, down from 176.6 in 2020.
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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