Minot Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 283,573 | 295,885 | −12,312 | 31.7 | 46% |
| 2021 | 3,024,271 | 2,329,251 | 695,020 | 48.7 | 29% |
| 2022 | 2,681,791 | 2,443,390 | 238,401 | 47.6 | 35% |
| 2023 | 4,096,529 | 3,048,209 | 1,048,320 | 42.3 | 32% |
In its most recent public year (2023), this organization brought in $1,048,320 more than it spent. Its reserves stood at about 42.3 months of spending, up from 31.7 in 2020. Staff pay was 32% of spending. $47,437 of its net assets are donor-restricted.
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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