Chamber Of Commerce Norman
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 996,186 | 1,012,744 | −16,558 | 7.2 | 36% |
| 2021 | 1,520,849 | 1,030,684 | 490,165 | 12.7 | 34% |
| 2022 | 1,018,588 | 1,215,678 | −197,090 | 8.9 | 32% |
| 2023 | 1,006,825 | 1,049,697 | −42,872 | 9.8 | 38% |
In its most recent public year (2023), this organization spent $42,872 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 7.2 in 2020. Staff pay was 38% of spending. $34,325 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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