Towson Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 470,657 | 420,306 | 50,351 | 12.5 | 36% |
| 2016 | 464,589 | 417,210 | 47,379 | 14.0 | 33% |
| 2017 | 469,988 | 419,970 | 50,018 | 15.3 | 35% |
| 2018 | 508,939 | 512,834 | −3,895 | 12.5 | 32% |
| 2019 | 426,895 | 422,193 | 4,702 | 15.3 | 41% |
| 2020 | 395,558 | 352,453 | 43,105 | 19.8 | 43% |
| 2021 | 357,164 | 293,104 | 64,060 | 26.4 | 35% |
| 2022 | 547,085 | 475,435 | 71,650 | 14.2 | 28% |
| 2023 | 493,929 | 309,032 | 184,897 | 29.0 | 43% |
In its most recent public year (2023), this organization brought in $184,897 more than it spent. Its reserves stood at about 29 months of spending, up from 12.5 in 2015. Staff pay was 43% 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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