Lakewood Area Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 307,364 | 330,184 | −22,820 | -0.0 | 56% |
| 2020 | 264,684 | 283,941 | −19,257 | -0.8 | 45% |
| 2021 | 292,141 | 295,825 | −3,684 | -0.7 | 51% |
| 2022 | 266,876 | 320,283 | −53,407 | -2.7 | 54% |
In its most recent public year (2022), this organization spent $53,407 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.7 months), down from 0 in 2019. Staff pay was 54% 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 2022. 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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