Lake Norman Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 400,082 | 410,132 | −10,050 | 9.9 | 37% |
| 2011 | 430,269 | 453,891 | −23,622 | 8.4 | 30% |
| 2012 | 451,841 | 435,527 | 16,314 | 9.2 | 35% |
| 2013 | 448,369 | 504,970 | −56,601 | 6.6 | 35% |
| 2014 | 540,846 | 520,454 | 20,392 | 6.8 | 37% |
| 2015 | 481,261 | 496,145 | −14,884 | 6.8 | 38% |
| 2016 | 472,523 | 496,187 | −23,664 | 6.2 | 40% |
| 2017 | 455,125 | 475,038 | −19,913 | 6.0 | 38% |
| 2018 | 870,950 | 417,520 | 453,430 | 19.9 | 33% |
| 2019 | 348,184 | 455,354 | −107,170 | 15.4 | 34% |
| 2020 | 309,685 | 419,406 | −109,721 | 13.6 | 43% |
| 2021 | 418,463 | 412,039 | 6,424 | 14.0 | 41% |
| 2022 | 455,025 | 467,343 | −12,318 | 12.0 | 38% |
In its most recent public year (2022), this organization spent $12,318 more than it brought in. Its reserves stood at about 12 months of spending, up from 9.9 in 2010. Staff pay was 38% 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 2022. 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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