Minarets Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 55,112 | 31,200 | 23,912 | 9.2 | — |
| 2017 | 86,399 | 67,989 | 18,410 | 7.5 | — |
| 2018 | 217,247 | 166,072 | 51,175 | 6.8 | 0% |
| 2019 | 233,348 | 156,237 | 77,111 | 13.1 | 0% |
| 2020 | 149,532 | 231,339 | −81,807 | 4.6 | — |
| 2021 | 86,035 | 61,634 | 24,401 | 21.6 | — |
| 2022 | 174,124 | 160,060 | 14,064 | 9.4 | 0% |
| 2023 | 190,074 | 129,085 | 60,989 | 17.3 | 0% |
In its most recent public year (2023), this organization brought in $60,989 more than it spent. Its reserves stood at about 17.3 months of spending, up from 9.2 in 2016. Staff pay was 0% 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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