Red River Valley Fair Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 141,832 | 145,824 | −3,992 | 92.5 | 18% |
| 2021 | 171,944 | 168,128 | 3,816 | 80.5 | 20% |
| 2022 | 224,292 | 230,865 | −6,573 | 59.6 | 3% |
In its most recent public year (2022), this organization spent $6,573 more than it brought in. Its reserves stood at about 59.6 months of spending, down from 92.5 in 2020. Staff pay was 3% 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 2022. 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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