Minnesota African American Heritage Museum And Gallery
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 52,788 | 19,042 | 33,746 | 23.1 | — |
| 2020 | 195,137 | 50,038 | 145,099 | 43.6 | — |
| 2021 | 307,060 | 196,847 | 110,213 | 17.8 | 0% |
| 2022 | 280,726 | 130,914 | 149,812 | 40.5 | 0% |
| 2023 | 76,449 | 213,524 | −137,075 | 17.1 | 0% |
In its most recent public year (2023), this organization spent $137,075 more than it brought in. Its reserves stood at about 17.1 months of spending, down from 23.1 in 2019. 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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