Greensboro Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,614,244 | 3,235,840 | −621,596 | 8.5 | 51% |
| 2012 | 3,780,422 | 3,550,265 | 230,157 | 8.5 | 50% |
| 2013 | 3,129,113 | 3,467,702 | −338,589 | 7.6 | 50% |
| 2014 | 3,705,403 | 3,709,118 | −3,715 | 7.1 | 51% |
| 2015 | 2,741,077 | 3,189,580 | −448,503 | 6.5 | 44% |
| 2016 | 3,111,405 | 3,191,157 | −79,752 | 6.2 | 49% |
| 2017 | 8,199,748 | 4,226,244 | 3,973,504 | 15.3 | 40% |
| 2018 | 4,196,244 | 3,717,830 | 478,414 | 18.9 | 46% |
| 2019 | 2,829,767 | 3,899,603 | −1,069,836 | 14.7 | 46% |
| 2020 | 2,817,556 | 3,275,889 | −458,333 | 15.9 | 52% |
| 2021 | 2,653,398 | 3,608,860 | −955,462 | 11.2 | 52% |
| 2022 | 7,766,217 | 4,141,276 | 3,624,941 | 18.5 | 41% |
| 2023 | 4,047,848 | 4,026,497 | 21,351 | 19.1 | 49% |
In its most recent public year (2023), this organization brought in $21,351 more than it spent. Its reserves stood at about 19.1 months of spending, up from 8.5 in 2011. Staff pay was 49% of spending. $4,583,800 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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