Northwest Minnesota Arts Council
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 521,998 | 530,078 | −8,080 | 0.5 | 22% |
| 2022 | 577,955 | 567,285 | 10,670 | 0.6 | 20% |
| 2023 | 588,162 | 587,456 | 706 | 0.6 | 22% |
In its most recent public year (2023), this organization brought in $706 more than it spent. Its reserves stood at about 0.6 months of spending. Staff pay was 22% 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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