Somerset-Pulaski County Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 395,933 | 375,157 | 20,776 | 11.3 | 54% |
| 2021 | 451,640 | 391,407 | 60,233 | 12.7 | 41% |
| 2022 | 520,154 | 479,291 | 40,863 | 11.4 | 38% |
| 2023 | 540,751 | 508,014 | 32,737 | 15.0 | 43% |
In its most recent public year (2023), this organization brought in $32,737 more than it spent. Its reserves stood at about 15 months of spending, up from 11.3 in 2020. Staff pay was 43% 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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