Detroit Lakes Regional Chamber Of
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 506,328 | 488,816 | 17,512 | 17.0 | 27% |
| 2012 | 446,952 | 431,305 | 15,647 | 19.7 | 31% |
| 2013 | 427,982 | 456,745 | −28,763 | 17.9 | 30% |
| 2014 | 411,019 | 460,717 | −49,698 | 16.4 | 35% |
| 2015 | 456,705 | 481,146 | −24,441 | 15.1 | 34% |
| 2016 | 461,434 | 490,193 | −28,759 | 14.2 | 33% |
| 2017 | 454,045 | 469,859 | −15,814 | 14.4 | 36% |
| 2018 | 458,774 | 468,047 | −9,273 | 14.2 | 37% |
| 2019 | 513,971 | 518,755 | −4,784 | 12.7 | 35% |
| 2020 | 444,466 | 456,332 | −11,866 | 14.1 | 37% |
| 2021 | 421,749 | 378,250 | 43,499 | 18.4 | 45% |
| 2022 | 458,334 | 452,984 | 5,350 | 15.5 | 40% |
| 2023 | 491,664 | 481,085 | 10,579 | 14.9 | 42% |
In its most recent public year (2023), this organization brought in $10,579 more than it spent. Its reserves stood at about 14.9 months of spending, down from 17 in 2011. Staff pay was 42% 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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