Mcdowell Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 319,409 | 335,855 | −16,446 | 19.2 | 49% |
| 2021 | 299,841 | 344,036 | −44,195 | 17.2 | 45% |
| 2022 | 369,358 | 363,198 | 6,160 | 16.5 | 41% |
| 2023 | 431,949 | 410,556 | 21,393 | 15.2 | 39% |
In its most recent public year (2023), this organization brought in $21,393 more than it spent. Its reserves stood at about 15.2 months of spending, down from 19.2 in 2020. Staff pay was 39% 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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