Covington-Newton County Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 802,844 | 730,096 | 72,748 | 8.7 | 51% |
| 2012 | 436,123 | 385,090 | 51,033 | 18.0 | 52% |
| 2013 | 809,329 | 866,861 | −57,532 | 7.2 | 44% |
| 2014 | 1,043,192 | 957,732 | 85,460 | 8.2 | 44% |
| 2015 | 1,284,914 | 1,250,181 | 34,733 | 6.6 | 38% |
| 2016 | 1,398,525 | 1,350,991 | 47,534 | 6.5 | 34% |
| 2017 | 1,359,474 | 1,380,116 | −20,642 | 6.2 | 35% |
| 2018 | 1,487,213 | 1,435,188 | 52,025 | 6.4 | 35% |
| 2019 | 1,722,279 | 1,716,206 | 6,073 | 5.4 | 30% |
| 2020 | 1,734,016 | 1,659,157 | 74,859 | 6.1 | 24% |
| 2021 | 430,846 | 454,589 | −23,743 | 21.8 | 46% |
| 2022 | 508,816 | 504,708 | 4,108 | 19.7 | 43% |
| 2023 | 453,432 | 541,183 | −87,751 | 16.4 | 47% |
In its most recent public year (2023), this organization spent $87,751 more than it brought in. Its reserves stood at about 16.4 months of spending, up from 8.7 in 2011. Staff pay was 47% 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
Covington-Newton County Chamber Of Commerce Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works