Lees Summit Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,107,155 | 1,157,203 | −50,048 | 2.8 | 36% |
| 2020 | 936,692 | 705,676 | 231,016 | 8.1 | 35% |
| 2021 | 872,026 | 601,138 | 270,888 | 14.9 | 46% |
| 2022 | 910,850 | 750,788 | 160,062 | 14.5 | 53% |
| 2023 | 778,109 | 663,099 | 115,010 | 18.5 | 51% |
In its most recent public year (2023), this organization brought in $115,010 more than it spent. Its reserves stood at about 18.5 months of spending, up from 2.8 in 2019. Staff pay was 51% 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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