Madison Black Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 47,880 | 41,162 | 6,718 | 4.6 | — |
| 2017 | 73,594 | 65,940 | 7,654 | 4.2 | — |
| 2018 | 93,224 | 89,221 | 4,003 | 3.6 | — |
| 2019 | 90,455 | 91,280 | −825 | 3.4 | — |
| 2020 | 151,624 | 117,052 | 34,572 | 6.2 | — |
| 2021 | 295,604 | 152,431 | 143,173 | 16.0 | 43% |
| 2022 | 306,646 | 247,746 | 58,900 | 12.8 | 31% |
| 2023 | 1,597,496 | 1,155,889 | 441,607 | 7.5 | 27% |
In its most recent public year (2023), this organization brought in $441,607 more than it spent. Its reserves stood at about 7.5 months of spending, up from 4.6 in 2016. Staff pay was 27% 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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