Garrett County Chamber Of Commerce Inc Home Of Deep Creek Lake
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,099,959 | 1,045,601 | 54,358 | 1.7 | 30% |
| 2012 | 1,026,687 | 952,373 | 74,314 | 2.8 | 31% |
| 2013 | 1,243,345 | 1,245,846 | −2,501 | 2.4 | 29% |
| 2014 | 1,370,623 | 1,308,678 | 61,945 | 2.9 | 31% |
| 2015 | 1,245,939 | 1,217,480 | 28,459 | 3.4 | 32% |
| 2016 | 1,210,896 | 1,186,683 | 24,213 | 3.6 | 30% |
| 2017 | 1,294,829 | 1,278,724 | 16,105 | 3.7 | 29% |
| 2018 | 1,318,885 | 1,291,716 | 27,169 | 3.9 | 30% |
| 2019 | 1,362,069 | 1,332,280 | 29,789 | 4.1 | 31% |
| 2020 | 1,434,859 | 1,289,052 | 145,807 | 5.6 | 32% |
| 2021 | 1,617,282 | 1,449,860 | 167,422 | 6.7 | 20% |
| 2022 | 1,306,432 | 1,239,162 | 67,270 | 8.0 | 27% |
| 2023 | 2,083,963 | 1,769,472 | 314,491 | 7.8 | 19% |
In its most recent public year (2023), this organization brought in $314,491 more than it spent. Its reserves stood at about 7.8 months of spending, up from 1.7 in 2011. Staff pay was 19% 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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