Chamber Of Commerce Of Eastern Connecticut Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,082,969 | 874,887 | 208,082 | 6.7 | 59% |
| 2021 | 1,762,572 | 1,618,670 | 143,902 | 4.7 | 43% |
| 2022 | 2,363,996 | 1,286,644 | 1,077,352 | 15.9 | 53% |
| 2023 | 2,162,280 | 1,476,499 | 685,781 | 19.4 | 57% |
In its most recent public year (2023), this organization brought in $685,781 more than it spent. Its reserves stood at about 19.4 months of spending, up from 6.7 in 2020. Staff pay was 57% of spending. $30,743 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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