Nextgen Chamber Of Commerce Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 674,255 | 27,880 | 646,375 | 289.0 | 0% |
| 2021 | 690,513 | 719,824 | −29,311 | 10.7 | 6% |
| 2022 | 163,427 | 529,723 | −366,296 | 6.2 | 11% |
| 2023 | 185,906 | 265,850 | −79,944 | 8.3 | 23% |
In its most recent public year (2023), this organization spent $79,944 more than it brought in. Its reserves stood at about 8.3 months of spending, down from 289 in 2020. Staff pay was 23% 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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