Somerset County Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 626,978 | 609,511 | 17,467 | 6.4 | 52% |
| 2012 | 664,363 | 579,767 | 84,596 | 8.4 | 47% |
| 2013 | 609,014 | 554,598 | 54,416 | 10.0 | 47% |
| 2014 | 700,118 | 578,624 | 121,494 | 12.0 | 53% |
| 2015 | 707,327 | 597,286 | 110,041 | 13.6 | 56% |
| 2016 | 633,455 | 631,084 | 2,371 | 13.0 | 57% |
| 2017 | 615,271 | 612,376 | 2,895 | 13.4 | 59% |
| 2018 | 747,785 | 708,787 | 38,998 | 12.3 | 45% |
| 2019 | 800,129 | 734,786 | 65,343 | 12.7 | 48% |
| 2020 | 538,767 | 560,908 | −22,141 | 17.0 | 53% |
| 2021 | 837,555 | 646,620 | 190,935 | 18.7 | 45% |
| 2022 | 855,382 | 696,752 | 158,630 | 20.8 | 48% |
| 2023 | 979,485 | 772,733 | 206,752 | 22.6 | 46% |
In its most recent public year (2023), this organization brought in $206,752 more than it spent. Its reserves stood at about 22.6 months of spending, up from 6.4 in 2011. Staff pay was 46% 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
Somerset County Chamber Of Commerce's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works