Duluth Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,097,425 | 1,093,552 | 3,873 | 7.6 | 43% |
| 2012 | 1,135,370 | 1,102,320 | 33,050 | 7.9 | 46% |
| 2013 | 1,166,108 | 1,141,730 | 24,378 | 7.9 | 44% |
| 2014 | 1,238,211 | 1,161,913 | 76,298 | 8.5 | 43% |
| 2015 | 1,261,484 | 1,207,807 | 53,677 | 8.7 | 39% |
| 2016 | 1,191,148 | 1,109,328 | 81,820 | 10.4 | 42% |
| 2017 | 1,216,072 | 1,146,851 | 69,221 | 10.8 | 42% |
| 2018 | 1,116,490 | 1,436,505 | −320,015 | 5.9 | 34% |
| 2019 | 1,146,956 | 1,175,567 | −28,611 | 6.9 | 42% |
| 2020 | 1,199,187 | 970,450 | 228,737 | 11.6 | 55% |
| 2021 | 1,040,213 | 989,086 | 51,127 | 12.0 | 48% |
| 2022 | 1,093,913 | 1,193,244 | −99,331 | 9.0 | 44% |
| 2023 | 1,198,550 | 1,203,422 | −4,872 | 7.3 | 44% |
In its most recent public year (2023), this organization spent $4,872 more than it brought in. Its reserves stood at about 7.3 months of spending. Staff pay was 44% 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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