Greater Grand Rapids Chamber Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 765,231 | 762,663 | 2,568 | 5.5 | 0% |
| 2012 | 680,033 | 770,445 | −90,412 | 4.1 | 0% |
| 2013 | 995,386 | 924,556 | 70,830 | 4.4 | 0% |
| 2014 | 1,262,628 | 921,870 | 340,758 | 8.9 | 0% |
| 2015 | 1,016,364 | 1,063,366 | −47,002 | 7.1 | 0% |
| 2016 | 550,763 | 679,626 | −128,863 | 8.8 | 0% |
| 2017 | 337,941 | 455,892 | −117,951 | 8.6 | 0% |
| 2018 | 200,523 | 97,323 | 103,200 | 37.5 | 0% |
| 2019 | 237,990 | 219,561 | 18,429 | 18.1 | 3% |
| 2020 | 1,650,942 | 1,758,259 | −107,317 | 1.6 | 4% |
| 2021 | 926,615 | 1,052,949 | −126,334 | 1.3 | 0% |
| 2022 | 2,626,007 | 2,089,561 | 536,446 | 3.7 | 3% |
| 2023 | 810,097 | 516,750 | 293,347 | 21.8 | 17% |
In its most recent public year (2023), this organization brought in $293,347 more than it spent. Its reserves stood at about 21.8 months of spending, up from 5.5 in 2011. Staff pay was 17% of spending. $238,332 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works