Hancock County Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 297,567 | 306,476 | −8,909 | 12.8 | 65% |
| 2021 | 379,013 | 332,275 | 46,738 | 13.5 | 61% |
| 2022 | 364,304 | 452,345 | −88,041 | 7.6 | 50% |
| 2023 | 430,151 | 411,125 | 19,026 | 8.6 | 56% |
In its most recent public year (2023), this organization brought in $19,026 more than it spent. Its reserves stood at about 8.6 months of spending, down from 12.8 in 2020. Staff pay was 56% 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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