Newport Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,275 | 34,826 | 1,449 | 8.8 | — |
| 2021 | 73,633 | 55,784 | 17,849 | 9.3 | — |
| 2022 | 242,094 | 68,715 | 173,379 | 37.9 | 22% |
| 2023 | 73,010 | 72,635 | 375 | 35.9 | — |
In its most recent public year (2023), this organization brought in $375 more than it spent. Its reserves stood at about 35.9 months of spending, up from 8.8 in 2020.
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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