Harvard Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 111,214 | 112,077 | −863 | 2.6 | 47% |
| 2020 | 102,133 | 80,328 | 21,805 | 6.8 | 45% |
| 2021 | 94,290 | 104,330 | −10,040 | -1.3 | 43% |
| 2022 | 116,987 | 105,398 | 11,589 | 0.0 | 41% |
| 2023 | 93,893 | 115,622 | −21,729 | -2.2 | 53% |
In its most recent public year (2023), this organization spent $21,729 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.2 months), down from 2.6 in 2019. Staff pay was 53% 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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