New London Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 135,924 | 139,887 | −3,963 | 13.7 | — |
| 2018 | 157,724 | 155,475 | 2,249 | 12.7 | — |
| 2020 | 151,795 | 152,526 | −731 | 12.9 | — |
| 2021 | 163,736 | 160,666 | 3,070 | 14.1 | — |
| 2022 | 180,604 | 168,047 | 12,557 | 14.3 | 65% |
| 2023 | 190,776 | 179,756 | 11,020 | 14.2 | 62% |
In its most recent public year (2023), this organization brought in $11,020 more than it spent. Its reserves stood at about 14.2 months of spending. Staff pay was 62% 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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