Memphis Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,733,165 | 4,979,656 | 2,753,509 | 5.5 | 58% |
| 2021 | 6,894,505 | 6,049,161 | 845,344 | 5.9 | 56% |
| 2022 | 7,361,900 | 7,646,197 | −284,297 | 3.8 | 51% |
| 2023 | 8,305,030 | 8,607,830 | −302,800 | 3.1 | 53% |
In its most recent public year (2023), this organization spent $302,800 more than it brought in. Its reserves stood at about 3.1 months of spending, down from 5.5 in 2020. Staff pay was 53% 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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