Greater Akron Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,743,052 | 2,967,692 | 775,360 | 3.8 | 50% |
| 2021 | 3,638,638 | 3,327,155 | 311,483 | 4.5 | 52% |
| 2022 | 4,853,898 | 4,504,976 | 348,922 | 4.3 | 40% |
| 2023 | 4,538,110 | 4,446,629 | 91,481 | 4.6 | 52% |
In its most recent public year (2023), this organization brought in $91,481 more than it spent. Its reserves stood at about 4.6 months of spending. Staff pay was 52% of spending. $31,429 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
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