Melrose Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 64,958 | 90,118 | −25,160 | 5.1 | — |
| 2021 | 75,370 | 86,692 | −11,322 | 5.7 | — |
| 2022 | 107,343 | 101,378 | 5,965 | 6.4 | — |
| 2023 | 120,034 | 117,951 | 2,083 | 5.7 | — |
In its most recent public year (2023), this organization brought in $2,083 more than it spent. Its reserves stood at about 5.7 months 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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