Chippewa County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 261,257 | 253,349 | 7,908 | 7.3 | 48% |
| 2012 | 251,714 | 271,010 | −19,296 | 6.0 | 45% |
| 2013 | 274,133 | 301,419 | −27,286 | 4.3 | 41% |
| 2014 | 277,687 | 287,976 | −10,289 | 4.1 | 46% |
| 2015 | 385,228 | 357,309 | 27,919 | 4.5 | 40% |
| 2016 | 359,702 | 354,094 | 5,608 | 4.7 | 45% |
| 2017 | 359,187 | 358,449 | 738 | 4.7 | 46% |
| 2018 | 305,641 | 293,193 | 12,448 | 6.2 | 54% |
| 2019 | 285,304 | 293,473 | −8,169 | 5.9 | 56% |
| 2020 | 256,919 | 252,253 | 4,666 | 7.1 | 59% |
| 2021 | 341,799 | 307,319 | 34,480 | 7.2 | 54% |
| 2022 | 284,952 | 278,391 | 6,561 | 8.2 | 60% |
| 2023 | 295,051 | 315,485 | −20,434 | 6.4 | 52% |
In its most recent public year (2023), this organization spent $20,434 more than it brought in. Its reserves stood at about 6.4 months of spending. Staff pay was 52% 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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