Beaufort County Black Chamber Of
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,280,489 | 712,885 | 567,604 | 20.5 | 15% |
| 2021 | 725,988 | 847,509 | −121,521 | 13.4 | 15% |
| 2022 | 557,503 | 602,255 | −44,752 | 17.9 | 18% |
In its most recent public year (2022), this organization spent $44,752 more than it brought in. Its reserves stood at about 17.9 months of spending, down from 20.5 in 2020. Staff pay was 18% of spending. $588,910 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 2022. 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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