Chamber Of Commerce Of Port Angeles Washington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 197,425 | 219,979 | −22,554 | -0.3 | 47% |
| 2021 | 254,455 | 237,126 | 17,329 | 0.2 | 47% |
| 2022 | 336,017 | 270,485 | 65,532 | 3.3 | 46% |
| 2023 | 195,877 | 321,693 | −125,816 | -1.7 | 47% |
In its most recent public year (2023), this organization spent $125,816 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.7 months), down from -0.3 in 2020. Staff pay was 47% 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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