Hartford Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 175,045 | 2,690,570 | −2,515,525 | -8.7 | 80% |
| 2021 | 517,094 | 2,506,139 | −1,989,045 | -18.8 | 84% |
| 2022 | 15,640 | 2,320,834 | −2,305,194 | -32.9 | 83% |
| 2023 | 137,324 | 2,179,343 | −2,042,019 | -46.3 | 23% |
In its most recent public year (2023), this organization spent $2,042,019 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-46.3 months), down from -8.7 in 2020. Staff pay was 23% of spending. $41,107 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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