Houghton Lake Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 99,826 | 95,422 | 4,404 | 31.0 | 22% |
| 2022 | 153,720 | 152,530 | 1,190 | 19.5 | 39% |
| 2023 | 116,665 | 128,773 | −12,108 | 22.0 | 50% |
| 2024 | 92,368 | 120,023 | −27,655 | 20.8 | 43% |
In its most recent public year (2024), this organization spent $27,655 more than it brought in. Its reserves stood at about 20.8 months of spending, down from 31 in 2021. 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 2024. 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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