Lubbock Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,643,112 | 1,514,189 | 128,923 | 5.4 | 54% |
| 2021 | 1,953,150 | 1,675,146 | 278,004 | 6.8 | 51% |
| 2022 | 1,892,350 | 1,744,838 | 147,512 | 7.6 | 48% |
| 2023 | 1,972,411 | 1,796,778 | 175,633 | 8.5 | 50% |
In its most recent public year (2023), this organization brought in $175,633 more than it spent. Its reserves stood at about 8.5 months of spending, up from 5.4 in 2020. Staff pay was 50% of spending. $66,916 of its net assets are donor-restricted.
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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