African American Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 99,247 | 103,357 | −4,110 | 8.0 | — |
| 2012 | 247,619 | 157,960 | 89,659 | 12.0 | 55% |
| 2013 | 270,396 | 290,392 | −19,996 | 5.7 | 40% |
| 2014 | 260,376 | 227,747 | 32,629 | 0.0 | 52% |
| 2015 | 222,987 | 236,342 | −13,355 | 4.6 | 56% |
| 2016 | 415,157 | 388,807 | 26,350 | 9.9 | 58% |
| 2017 | 797,190 | 607,988 | 189,202 | 10.1 | 35% |
| 2018 | 353,060 | 509,528 | −156,468 | 8.3 | 43% |
| 2019 | 608,865 | 556,057 | 52,808 | 8.8 | 51% |
| 2020 | 1,593,552 | 819,823 | 773,729 | 18.6 | 33% |
| 2021 | 731,634 | 904,193 | −172,559 | 14.8 | 37% |
| 2022 | 585,843 | 784,681 | −198,838 | 14.0 | 46% |
| 2023 | 726,551 | 797,865 | −71,314 | 12.7 | 41% |
In its most recent public year (2023), this organization spent $71,314 more than it brought in. Its reserves stood at about 12.7 months of spending, up from 8 in 2011. Staff pay was 41% of spending. $137,520 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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