Boothbay Harbor Region Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 189,103 | 218,910 | −29,807 | 7.4 | 40% |
| 2021 | 352,038 | 258,394 | 93,644 | 11.0 | 34% |
| 2022 | 394,112 | 279,471 | 114,641 | 14.0 | 39% |
| 2023 | 296,225 | 308,797 | −12,572 | 9.5 | 36% |
In its most recent public year (2023), this organization spent $12,572 more than it brought in. Its reserves stood at about 9.5 months of spending, up from 7.4 in 2020. Staff pay was 36% 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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