Chamber Of Commerce Of Wayne County Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 558,224 | 533,202 | 25,022 | 2.7 | 46% |
| 2021 | 640,502 | 598,830 | 41,672 | 3.2 | 43% |
| 2022 | 586,813 | 601,859 | −15,046 | 4.5 | 41% |
| 2023 | 640,786 | 680,972 | −40,186 | 3.2 | 37% |
In its most recent public year (2023), this organization spent $40,186 more than it brought in. Its reserves stood at about 3.2 months of spending. Staff pay was 37% of spending. $141,238 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 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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