Greater Raleigh Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,607,411 | 6,078,560 | 1,528,851 | 11.1 | 44% |
| 2021 | 6,316,198 | 5,912,611 | 403,587 | 12.2 | 6% |
| 2022 | 6,900,668 | 7,362,830 | −462,162 | 9.0 | 41% |
| 2023 | 7,329,901 | 7,987,620 | −657,719 | 6.9 | 42% |
In its most recent public year (2023), this organization spent $657,719 more than it brought in. Its reserves stood at about 6.9 months of spending, down from 11.1 in 2020. Staff pay was 42% of spending. $2,391,608 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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