Milbank Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 333,628 | 344,259 | −10,631 | 3.1 | 12% |
| 2021 | 399,124 | 362,062 | 37,062 | 4.2 | 12% |
| 2022 | 326,592 | 300,015 | 26,577 | 6.1 | 16% |
| 2023 | 313,758 | 341,086 | −27,328 | 4.4 | 16% |
In its most recent public year (2023), this organization spent $27,328 more than it brought in. Its reserves stood at about 4.4 months of spending, up from 3.1 in 2020. Staff pay was 16% 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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