Minnesota Firearms Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 11,898 | 10,295 | 1,603 | 1.9 | — |
| 2014 | 141,569 | 105,226 | 36,343 | 4.3 | — |
| 2015 | 183,315 | 166,708 | 16,607 | 3.8 | — |
| 2016 | 234,753 | 267,549 | −32,796 | 0.8 | 0% |
| 2017 | 167,202 | 149,147 | 18,055 | 2.8 | 0% |
| 2018 | 273,635 | 184,525 | 89,110 | 7.9 | 0% |
| 2019 | 395,758 | 275,046 | 120,712 | 9.7 | 0% |
| 2020 | 382,599 | 290,962 | 91,637 | 13.1 | 27% |
| 2021 | 390,029 | 296,990 | 93,039 | 16.6 | 24% |
| 2022 | 309,721 | 307,347 | 2,374 | 16.1 | 23% |
| 2023 | 376,589 | 375,668 | 921 | 13.2 | 19% |
In its most recent public year (2023), this organization brought in $921 more than it spent. Its reserves stood at about 13.2 months of spending, up from 1.9 in 2013. Staff pay was 19% 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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