Lake Area Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 227,905 | 199,854 | 28,051 | 11.8 | 69% |
| 2021 | 244,062 | 183,358 | 60,704 | 16.8 | 63% |
| 2022 | 241,519 | 242,113 | −594 | 12.7 | 60% |
| 2023 | 269,104 | 256,548 | 12,556 | 12.6 | 60% |
In its most recent public year (2023), this organization brought in $12,556 more than it spent. Its reserves stood at about 12.6 months of spending. Staff pay was 60% 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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