Mississippi River Cities & Towns Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 519,800 | 220,015 | 299,785 | 16.4 | 0% |
| 2016 | 399,000 | 311,245 | 87,755 | 18.8 | 0% |
| 2017 | 511,200 | 423,541 | 87,659 | 16.3 | 35% |
| 2018 | 696,558 | 441,277 | 255,281 | 22.6 | 37% |
| 2019 | 708,262 | 530,599 | 177,663 | 22.8 | 36% |
| 2020 | 557,195 | 564,506 | −7,311 | 21.3 | 42% |
| 2021 | 575,654 | 593,975 | −18,321 | 19.9 | 41% |
| 2022 | 501,193 | 788,689 | −287,496 | 11.1 | 31% |
| 2023 | 802,525 | 852,003 | −49,478 | 10.0 | 31% |
In its most recent public year (2023), this organization spent $49,478 more than it brought in. Its reserves stood at about 10 months of spending, down from 16.4 in 2015. Staff pay was 31% 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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