Minnesota Canal & Reservoir Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,645 | 38,096 | 22,549 | 134.2 | 1% |
| 2021 | 56,517 | 41,975 | 14,542 | 126.0 | 1% |
| 2022 | 56,128 | 47,631 | 8,497 | 113.2 | 1% |
| 2023 | 63,495 | 35,289 | 28,206 | 162.3 | 1% |
In its most recent public year (2023), this organization brought in $28,206 more than it spent. Its reserves stood at about 162.3 months of spending, up from 134.2 in 2020. Staff pay was 1% 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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