Southaven Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 117,072 | 101,872 | 15,200 | 76.8 | 58% |
| 2021 | 426,291 | 391,281 | 35,010 | 21.3 | 44% |
| 2022 | 516,838 | 489,543 | 27,295 | 19.6 | 35% |
| 2023 | 479,531 | 517,062 | −37,531 | 17.7 | 40% |
In its most recent public year (2023), this organization spent $37,531 more than it brought in. Its reserves stood at about 17.7 months of spending, down from 76.8 in 2020. 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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