Mitchell Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,120,595 | 1,129,162 | −8,567 | 21.1 | 40% |
| 2021 | 1,597,994 | 1,231,108 | 366,886 | 23.4 | 42% |
| 2022 | 1,365,981 | 1,227,708 | 138,273 | 24.2 | 38% |
| 2023 | 1,446,169 | 1,435,765 | 10,404 | 21.7 | 30% |
In its most recent public year (2023), this organization brought in $10,404 more than it spent. Its reserves stood at about 21.7 months of spending. Staff pay was 30% of spending. $57,029 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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