PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE

PARK RAPIDS, MN, 56470-0000 (218) 732-4111 Est. 1903 EIN 41-0943241

990 - Public charity return 501(c)(6)

Mission

THE MISSION OF THE CHAMBER IS TO SERVE, CONNECT AND PROMOTE OUR MEMBERS.

Total Revenue

$397,213

Total Expenses

$393,356

Net Assets

$174,310

5 employees 332 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

5.3 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 23.4%

Expenses ↓ 5.7%

Revenue Sources

Contributions 2.5% Earned revenue 97.3% Investment 0.1%

Expense Breakdown

Program 84.1% Management 15.9%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$397,213 ↑	$393,356	$174,310
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$321,763 ↓	$417,095	$170,453
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$454,534 ↑	$384,313	$265,785
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$338,340	$280,516	$201,784