Greater Bridgton Lakes Region Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 88,426 | 107,977 | −19,551 | 5.5 | — |
| 2021 | 123,225 | 96,692 | 26,533 | 9.5 | — |
| 2022 | 305,187 | 153,395 | 151,792 | 17.9 | 27% |
| 2023 | 83,585 | 176,650 | −93,065 | 9.2 | 26% |
In its most recent public year (2023), this organization spent $93,065 more than it brought in. Its reserves stood at about 9.2 months of spending, up from 5.5 in 2020. Staff pay was 26% 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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