Italy-America Chamber Of Commerce Of Texas Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 601,145 | 583,008 | 18,137 | 5.1 | 45% |
| 2021 | 687,419 | 671,759 | 15,660 | 4.6 | 43% |
| 2022 | 614,475 | 639,697 | −25,222 | 4.4 | 44% |
| 2023 | 655,938 | 620,794 | 35,144 | 5.2 | 51% |
In its most recent public year (2023), this organization brought in $35,144 more than it spent. Its reserves stood at about 5.2 months of spending. Staff pay was 51% 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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