Galesburg Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 447,923 | 410,085 | 37,838 | 3.5 | 49% |
| 2012 | 464,881 | 385,640 | 79,241 | 6.1 | 48% |
| 2013 | 460,482 | 376,221 | 84,261 | 9.0 | 50% |
| 2014 | 470,044 | 421,924 | 48,120 | 9.4 | 46% |
| 2015 | 454,594 | 403,658 | 50,936 | 11.3 | 45% |
| 2016 | 524,538 | 435,402 | 89,136 | 13.0 | 33% |
| 2017 | 447,134 | 562,517 | −115,383 | 7.6 | 27% |
| 2018 | 464,232 | 489,103 | −24,871 | 8.1 | 38% |
| 2019 | 461,058 | 440,164 | 20,894 | 9.6 | 28% |
| 2020 | 161,241 | 168,340 | −7,099 | 4.2 | 36% |
| 2021 | 168,780 | 121,867 | 46,913 | 10.4 | 41% |
| 2022 | 157,301 | 130,580 | 26,721 | 13.9 | 41% |
| 2023 | 155,904 | 153,020 | 2,884 | 12.1 | 43% |
In its most recent public year (2023), this organization brought in $2,884 more than it spent. Its reserves stood at about 12.1 months of spending, up from 3.5 in 2011. Staff pay was 43% 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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