Hermantown Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 118,953 | 122,193 | −3,240 | 4.4 | — |
| 2012 | 110,252 | 119,448 | −9,196 | 3.2 | — |
| 2013 | 118,652 | 126,225 | −7,573 | 2.3 | — |
| 2014 | 115,958 | 127,585 | −11,627 | 1.2 | — |
| 2015 | 143,526 | 118,367 | 25,159 | 3.8 | — |
| 2016 | 138,835 | 122,801 | 16,034 | 5.3 | — |
| 2017 | 103,820 | 103,095 | 725 | 6.4 | — |
| 2018 | 140,496 | 134,548 | 5,948 | 5.4 | — |
| 2019 | 149,803 | 148,324 | 1,479 | 5.0 | — |
| 2020 | 144,626 | 121,671 | 22,955 | 8.4 | — |
| 2021 | 150,041 | 131,830 | 18,211 | 9.4 | — |
| 2022 | 133,974 | 180,052 | −46,078 | 3.8 | — |
| 2023 | 208,158 | 216,407 | −8,249 | 3.4 | 47% |
In its most recent public year (2023), this organization spent $8,249 more than it brought in. Its reserves stood at about 3.4 months of spending. Staff pay was 47% 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
Hermantown Chamber Of Commerce's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works