Michigan Korean Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,667 | 25,279 | 4,388 | 16.7 | 0% |
| 2012 | 24,451 | 23,495 | 956 | 18.5 | 0% |
| 2013 | 9,377 | 10,211 | −834 | 41.6 | 0% |
| 2014 | 4,481 | 8,162 | −3,681 | 46.6 | 0% |
| 2015 | 6,300 | 7,069 | −769 | 52.5 | 0% |
| 2016 | 34,460 | 43,392 | −8,932 | 6.1 | 0% |
| 2017 | 3,302 | 5,840 | −2,538 | 40.0 | 0% |
| 2018 | 15,102 | 7,738 | 7,364 | 41.6 | 0% |
| 2019 | 6,153 | 5,774 | 379 | 56.5 | 0% |
| 2020 | 3 | 763 | −760 | 415.9 | 0% |
| 2021 | 1 | 83 | −82 | 3811.2 | 0% |
| 2022 | 1 | 583 | −582 | 530.6 | 0% |
In its most recent public year (2022), this organization spent $582 more than it brought in. Its reserves stood at about 530.6 months of spending, up from 16.7 in 2011. 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 2022. 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
Michigan Korean Chamber Of Commerce's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works