Damariscotta Region Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 85,628 | 62,076 | 23,552 | 0.4 | — |
| 2019 | 81,145 | 47,528 | 33,617 | 9.0 | — |
| 2020 | 78,643 | 91,026 | −12,383 | 3.0 | — |
| 2021 | 83,801 | 67,848 | 15,953 | 6.8 | — |
| 2022 | 62,691 | 62,223 | 468 | 7.5 | — |
| 2023 | 526,319 | 103,982 | 422,337 | 53.3 | 42% |
In its most recent public year (2023), this organization brought in $422,337 more than it spent. Its reserves stood at about 53.3 months of spending, up from 0.4 in 2018. Staff pay was 42% 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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