West Michigan Hispanic Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 990,568 | 645,913 | 344,655 | 10.9 | 65% |
| 2021 | 869,131 | 712,192 | 156,939 | 12.5 | 58% |
| 2022 | 953,280 | 914,732 | 38,548 | 10.3 | 49% |
| 2023 | 1,074,768 | 1,403,480 | −328,712 | 3.9 | 49% |
In its most recent public year (2023), this organization spent $328,712 more than it brought in. Its reserves stood at about 3.9 months of spending, down from 10.9 in 2020. Staff pay was 49% of spending. $555,275 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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