Muskegon Area Chamber Of Commerce Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 178,447 | 128,739 | 49,708 | 36.8 | 0% |
| 2011 | 91,766 | 91,730 | 36 | 51.6 | 0% |
| 2012 | 70,648 | 92,295 | −21,647 | 48.5 | 0% |
| 2013 | 42,341 | 66,621 | −24,280 | 62.8 | 0% |
| 2014 | 99,467 | 108,060 | −8,593 | 37.8 | 0% |
| 2015 | 219,227 | 139,969 | 79,258 | 36.0 | 0% |
| 2016 | 270,703 | 235,255 | 35,448 | 23.2 | 0% |
| 2017 | 184,479 | 227,070 | −42,591 | 21.8 | 0% |
| 2018 | 190,446 | 217,895 | −27,449 | 21.2 | 0% |
| 2019 | 320,172 | 259,538 | 60,634 | 20.6 | 0% |
| 2020 | 425,866 | 339,728 | 86,138 | 18.8 | 0% |
| 2021 | 303,975 | 359,646 | −55,671 | 15.9 | 0% |
| 2022 | 179,468 | 226,828 | −47,360 | 21.3 | 0% |
| 2023 | 425,343 | 435,524 | −10,181 | 10.8 | 0% |
In its most recent public year (2023), this organization spent $10,181 more than it brought in. Its reserves stood at about 10.8 months of spending, down from 36.8 in 2010. Staff pay was 0% of spending. $129,575 of its net assets are donor-restricted.
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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