Owosso-Corunna Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 517,169 | 489,315 | 27,854 | 40.3 | 50% |
| 2020 | 352,888 | 391,253 | −38,365 | 68.5 | 58% |
| 2021 | 393,344 | 384,849 | 8,495 | 81.9 | 54% |
| 2022 | 266,056 | 310,691 | −44,635 | 99.6 | 49% |
| 2023 | 271,520 | 254,184 | 17,336 | 118.9 | 31% |
In its most recent public year (2023), this organization brought in $17,336 more than it spent. Its reserves stood at about 118.9 months of spending, up from 40.3 in 2019. Staff pay was 31% 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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