Louisville Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 190,594 | 163,992 | 26,602 | 0.0 | 72% |
| 2021 | 179,755 | 191,529 | −11,774 | 0.0 | 71% |
| 2022 | 182,890 | 228,302 | −45,412 | 8.5 | 50% |
| 2023 | 228,255 | 278,296 | −50,041 | 4.2 | 56% |
In its most recent public year (2023), this organization spent $50,041 more than it brought in. Its reserves stood at about 4.2 months of spending, up from 0 in 2020. Staff pay was 56% 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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