Milford Chamber Of Commerce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 359,118 | 350,495 | 8,623 | 12.9 | 61% |
| 2012 | 322,468 | 345,530 | −23,062 | 12.9 | 57% |
| 2013 | 331,128 | 352,354 | −21,226 | 12.1 | 57% |
| 2014 | 313,156 | 343,114 | −29,958 | 7.0 | 60% |
| 2015 | 264,558 | 340,475 | −75,917 | 4.4 | 37% |
| 2016 | 291,364 | 328,471 | −37,107 | 3.2 | 72% |
| 2017 | 278,144 | 331,934 | −53,790 | 1.2 | 70% |
| 2018 | 237,909 | 230,535 | 7,374 | 2.1 | 67% |
| 2019 | 218,046 | 233,769 | −15,723 | 1.3 | 63% |
| 2020 | 174,277 | 207,655 | −33,378 | -0.5 | 53% |
| 2021 | 194,792 | 171,066 | 23,726 | 1.1 | 74% |
| 2022 | 277,562 | 332,397 | −54,835 | -1.4 | 59% |
| 2023 | 311,989 | 356,138 | −44,149 | -2.8 | 44% |
In its most recent public year (2023), this organization spent $44,149 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.8 months), down from 12.9 in 2011. Staff pay was 44% 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
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