Hanover Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 427,894 | 395,197 | 32,697 | 12.8 | 50% |
| 2012 | 459,963 | 458,056 | 1,907 | 11.1 | 53% |
| 2013 | 411,915 | 407,102 | 4,813 | 12.8 | 50% |
| 2014 | 409,744 | 405,286 | 4,458 | 13.1 | 51% |
| 2015 | 428,988 | 421,232 | 7,756 | 12.6 | 45% |
| 2016 | 421,226 | 427,556 | −6,330 | 12.3 | 48% |
| 2017 | 534,441 | 507,989 | 26,452 | 10.9 | 45% |
| 2018 | 629,944 | 648,061 | −18,117 | 8.3 | 39% |
| 2019 | 593,199 | 604,958 | −11,759 | 8.8 | 47% |
| 2020 | 523,820 | 532,290 | −8,470 | 9.6 | 53% |
| 2021 | 497,029 | 514,812 | −17,783 | 10.2 | 55% |
| 2022 | 985,233 | 686,701 | 298,532 | 11.6 | 46% |
| 2023 | 688,774 | 691,884 | −3,110 | 11.7 | 51% |
In its most recent public year (2023), this organization spent $3,110 more than it brought in. Its reserves stood at about 11.7 months of spending, down from 12.8 in 2011. Staff pay was 51% 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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