Michigan Hispanic Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 473,394 | 425,534 | 47,860 | 8.6 | 39% |
| 2012 | 580,658 | 490,956 | 89,702 | 9.7 | 41% |
| 2013 | 549,279 | 488,405 | 60,874 | 11.2 | 46% |
| 2014 | 593,081 | 461,270 | 131,811 | 15.2 | 47% |
| 2015 | 530,924 | 599,901 | −68,977 | 10.2 | 39% |
| 2016 | 537,375 | 614,753 | −77,378 | 8.4 | 48% |
| 2017 | 481,460 | 472,853 | 8,607 | 11.0 | 45% |
| 2018 | 560,170 | 577,747 | −17,577 | 8.6 | 57% |
| 2019 | 440,174 | 425,263 | 14,911 | 12.0 | 33% |
| 2020 | 392,695 | 497,977 | −105,282 | 7.7 | 50% |
| 2021 | 480,737 | 490,351 | −9,614 | 7.6 | 59% |
| 2022 | 610,002 | 576,999 | 33,003 | 6.4 | 54% |
| 2023 | 704,244 | 710,016 | −5,772 | 5.6 | 55% |
In its most recent public year (2023), this organization spent $5,772 more than it brought in. Its reserves stood at about 5.6 months of spending, down from 8.6 in 2011. Staff pay was 55% 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
Michigan Hispanic 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