everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Fairmont Area Chamber Of Commerce

Fairmont, MN / EIN 41-0801613 / Form 990 / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
2011238,693230,0448,6493.851%
2012280,380241,28439,0965.650%
2013276,967270,2316,7365.344%
2014260,855263,133−2,2785.351%
2015264,469248,79715,6726.447%
2016246,045252,917−6,8725.953%
2017282,692278,1994,4935.653%
2018290,599293,313−2,7145.239%
2019275,082290,371−15,2894.650%
2020223,562233,561−9,9995.242%
2021333,743285,87847,8656.338%
2022328,465273,65954,8069.032%
2023309,547284,01425,5339.732%

In its most recent public year (2023), this organization brought in $25,533 more than it spent. Its reserves stood at about 9.7 months of spending, up from 3.8 in 2011. Staff pay was 32% 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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