Boyne City Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 194,950 | 190,143 | 4,807 | 13.0 | 42% |
| 2017 | 200,000 | 182,446 | 17,554 | 14.7 | 39% |
| 2018 | 208,983 | 194,818 | 14,165 | 7.1 | 43% |
| 2019 | 198,811 | 224,539 | −25,728 | 4.8 | 38% |
| 2020 | 198,157 | 174,172 | 23,985 | 7.8 | 37% |
| 2021 | 188,524 | 196,561 | −8,037 | 6.4 | — |
| 2022 | 170,759 | 216,723 | −45,964 | 3.3 | — |
| 2023 | 267,367 | 241,457 | 25,910 | 4.2 | 40% |
In its most recent public year (2023), this organization brought in $25,910 more than it spent. Its reserves stood at about 4.2 months of spending, down from 13 in 2016. Staff pay was 40% 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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