Torrance Area Chamber Of Commerce Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 5,832 | 9,457 | −3,625 | 6.2 | — |
| 2017 | −145 | 1,346 | −1,491 | 30.4 | — |
| 2018 | 27,879 | 2,771 | 25,108 | 123.5 | — |
| 2019 | 5,768 | 12,989 | −7,221 | 19.7 | — |
| 2020 | 4,827 | 18,651 | −13,824 | 4.8 | — |
| 2021 | 5,490 | 1,250 | 4,240 | 112.5 | — |
| 2022 | 4,820 | 5,869 | −1,049 | 21.8 | — |
In its most recent public year (2022), this organization spent $1,049 more than it brought in. Its reserves stood at about 21.8 months of spending, up from 6.2 in 2016.
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 2022. 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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