Greater Lowell Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 284,317 | 265,822 | 18,495 | 1.5 | 57% |
| 2021 | 335,617 | 269,195 | 66,422 | 4.4 | 39% |
| 2022 | 348,614 | 343,353 | 5,261 | 3.7 | 47% |
| 2023 | 318,737 | 295,496 | 23,241 | 5.2 | 56% |
In its most recent public year (2023), this organization brought in $23,241 more than it spent. Its reserves stood at about 5.2 months of spending, up from 1.5 in 2020. Staff pay was 56% 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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