Legacy Chorale Of Greater Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 33,668 | 26,600 | 7,068 | 10.7 | — |
| 2012 | 28,047 | 23,966 | 4,081 | 13.9 | — |
| 2013 | 18,293 | 27,575 | −9,282 | 8.0 | — |
| 2014 | 32,527 | 25,541 | 6,986 | 12.0 | — |
| 2015 | 26,580 | 27,189 | −609 | 11.0 | — |
| 2016 | 23,980 | 28,320 | −4,340 | 8.7 | — |
| 2017 | 21,500 | 29,611 | −8,111 | 5.0 | — |
| 2018 | 44,650 | 54,207 | −9,557 | 0.6 | — |
| 2019 | 56,545 | 37,584 | 18,961 | 7.0 | — |
| 2020 | 51,104 | 37,129 | 13,975 | 11.6 | — |
| 2021 | 50,042 | 43,168 | 6,874 | 11.9 | — |
| 2022 | 87,966 | 83,621 | 4,345 | 9.1 | — |
| 2023 | 69,552 | 101,295 | −31,743 | 3.8 | — |
In its most recent public year (2023), this organization spent $31,743 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 10.7 in 2011.
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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