Greater Elgin Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 137,901 | 91,186 | 46,715 | 6.6 | — |
| 2021 | 165,202 | 151,813 | 13,389 | 5.0 | — |
| 2022 | 181,906 | 230,410 | −48,504 | 0.8 | 42% |
| 2023 | 295,561 | 263,661 | 31,900 | 2.1 | 42% |
In its most recent public year (2023), this organization brought in $31,900 more than it spent. Its reserves stood at about 2.1 months of spending, down from 6.6 in 2020. Staff pay was 42% 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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