Malden Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 222,391 | 198,085 | 24,306 | 5.7 | 58% |
| 2021 | 232,448 | 216,528 | 15,920 | 8.1 | 57% |
| 2022 | 205,978 | 232,687 | −26,709 | 5.5 | 54% |
| 2023 | 214,295 | 218,107 | −3,812 | 6.2 | 66% |
In its most recent public year (2023), this organization spent $3,812 more than it brought in. Its reserves stood at about 6.2 months of spending. Staff pay was 66% 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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