Maine State Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,839,019 | 1,859,787 | −20,768 | 0.1 | 49% |
| 2021 | 1,966,423 | 1,837,571 | 128,852 | 0.9 | 53% |
| 2022 | 2,213,591 | 2,238,096 | −24,505 | 0.6 | 43% |
| 2023 | 2,270,959 | 2,195,949 | 75,010 | 0.9 | 44% |
In its most recent public year (2023), this organization brought in $75,010 more than it spent. Its reserves stood at about 0.9 months of spending. Staff pay was 44% of spending. $110,009 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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