Millington Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 159,188 | 161,704 | −2,516 | 6.4 | 46% |
| 2021 | 251,119 | 233,623 | 17,496 | 5.3 | 34% |
| 2022 | 173,463 | 191,692 | −18,229 | 5.3 | 43% |
| 2023 | 259,910 | 236,898 | 23,012 | 5.5 | 40% |
In its most recent public year (2023), this organization brought in $23,012 more than it spent. Its reserves stood at about 5.5 months of spending. Staff pay was 40% 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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