Morris County Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,850,441 | 1,999,476 | −149,035 | 3.4 | 40% |
| 2020 | 1,653,419 | 1,558,606 | 94,813 | 6.1 | 52% |
| 2021 | 1,691,602 | 1,900,762 | −209,160 | 3.5 | 42% |
| 2022 | 2,020,429 | 2,310,512 | −290,083 | 1.4 | 49% |
| 2023 | 2,381,366 | 2,130,822 | 250,544 | 3.2 | 43% |
In its most recent public year (2023), this organization brought in $250,544 more than it spent. Its reserves stood at about 3.2 months of spending. Staff pay was 43% of spending. $33,050 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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