Hudson County Chamber Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 71,888 | 69,677 | 2,211 | 2.7 | — |
| 2023 | 60,109 | 59,024 | 1,085 | -0.7 | — |
In its most recent public year (2023), this organization brought in $1,085 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.7 months), down from 2.7 in 2021.
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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