Bemidji Community Arena Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,216,863 | 508,709 | 708,154 | 140.0 | 12% |
| 2022 | 739,919 | 716,285 | 23,634 | 99.9 | 10% |
| 2023 | 941,077 | 859,349 | 81,728 | 84.5 | 14% |
In its most recent public year (2023), this organization brought in $81,728 more than it spent. Its reserves stood at about 84.5 months of spending, down from 140 in 2021. Staff pay was 14% of spending. $181,606 of its net assets are donor-restricted.
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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