Durham Chamber Legacy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 132,325 | 656,983 | −524,658 | 7.9 | 0% |
| 2012 | 67,975 | 6,485 | 61,490 | 198.7 | — |
| 2013 | 111,667 | 84,767 | 26,900 | 19.0 | — |
| 2014 | 80,657 | 63,785 | 16,872 | 24.4 | — |
| 2015 | 59,927 | 48,716 | 11,211 | 34.7 | — |
| 2016 | 24,000 | 31,443 | −7,443 | 50.9 | — |
| 2017 | 9,650 | 675 | 8,975 | 2531.8 | — |
| 2018 | 0 | 165 | −165 | 10345.3 | — |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 1,000 | 20 | 980 | 85936.8 | — |
| 2022 | 2,391 | 22,028 | −19,637 | 67.3 | — |
In its most recent public year (2022), this organization spent $19,637 more than it brought in. Its reserves stood at about 67.3 months of spending, up from 7.9 in 2011.
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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