The Kernersville Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 383,825 | 365,247 | 18,578 | 5.9 | 35% |
| 2012 | 386,014 | 381,492 | 4,522 | 5.8 | 36% |
| 2013 | 423,278 | 400,569 | 22,709 | 6.2 | 36% |
| 2014 | 451,463 | 418,021 | 33,442 | 6.9 | 35% |
| 2015 | 461,301 | 446,519 | 14,782 | 6.8 | 38% |
| 2016 | 475,844 | 471,422 | 4,422 | 7.8 | 39% |
| 2017 | 477,145 | 474,912 | 2,233 | 7.8 | 41% |
| 2018 | 507,007 | 489,990 | 17,017 | 8.0 | 42% |
| 2019 | 504,214 | 487,624 | 16,590 | 8.4 | 44% |
| 2020 | 392,976 | 377,475 | 15,501 | 11.3 | 57% |
| 2021 | 437,494 | 509,814 | −72,320 | 6.7 | 42% |
| 2022 | 530,576 | 537,223 | −6,647 | 6.2 | 44% |
| 2023 | 484,492 | 544,668 | −60,176 | 4.8 | 43% |
In its most recent public year (2023), this organization spent $60,176 more than it brought in. Its reserves stood at about 4.8 months of spending, down from 5.9 in 2011. Staff pay was 43% of spending. $87,284 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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