Grand Rapids Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,273,691 | 2,386,676 | −112,985 | 3.6 | 49% |
| 2012 | 2,298,997 | 2,253,293 | 45,704 | 4.3 | 53% |
| 2013 | 2,440,369 | 2,423,569 | 16,800 | 4.5 | 48% |
| 2014 | 2,452,274 | 2,413,667 | 38,607 | 4.8 | 51% |
| 2015 | 2,378,548 | 2,461,492 | −82,944 | 4.2 | 54% |
| 2016 | 3,089,756 | 3,141,424 | −51,668 | 3.3 | 52% |
| 2017 | 2,948,196 | 3,306,304 | −358,108 | 2.2 | 50% |
| 2018 | 4,489,180 | 4,048,694 | 440,486 | 2.9 | 42% |
| 2019 | 3,652,836 | 3,600,542 | 52,294 | 4.0 | 51% |
| 2020 | 4,485,674 | 3,512,272 | 973,402 | 7.7 | 54% |
| 2021 | 4,480,644 | 4,136,379 | 344,265 | 8.1 | 54% |
| 2022 | 4,611,540 | 4,728,426 | −116,886 | 5.6 | 52% |
| 2023 | 4,950,226 | 5,221,299 | −271,073 | 4.8 | 51% |
In its most recent public year (2023), this organization spent $271,073 more than it brought in. Its reserves stood at about 4.8 months of spending, up from 3.6 in 2011. Staff pay was 51% 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
Grand Rapids Area Chamber Of Commerce's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works