Minnesota Black Chamber Of Commerce Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 149,907 | 136,156 | 13,751 | 18.7 | — |
| 2021 | 114,666 | 112,573 | 2,093 | 18.9 | — |
| 2022 | 302,654 | 152,285 | 150,369 | 25.8 | 0% |
| 2023 | 526,065 | 168,918 | 357,147 | 48.6 | 0% |
In its most recent public year (2023), this organization brought in $357,147 more than it spent. Its reserves stood at about 48.6 months of spending, up from 18.7 in 2020. Staff pay was 0% of spending. $460,871 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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