Kingsport Chamber Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,220,015 | 3,185,774 | 34,241 | 8.7 | 45% |
| 2021 | 3,100,943 | 2,889,977 | 210,966 | 10.4 | 47% |
| 2022 | 3,697,780 | 3,447,025 | 250,755 | 9.6 | 48% |
| 2023 | 3,609,247 | 3,491,161 | 118,086 | 9.9 | 42% |
In its most recent public year (2023), this organization brought in $118,086 more than it spent. Its reserves stood at about 9.9 months of spending, up from 8.7 in 2020. Staff pay was 42% of spending. $278,675 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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