Hermosa Beach Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 517,332 | 414,186 | 103,146 | 16.8 | 31% |
| 2012 | 522,965 | 394,652 | 128,313 | 21.5 | 39% |
| 2013 | 440,954 | 402,492 | 38,462 | 22.3 | 38% |
| 2014 | 520,367 | 594,027 | −73,660 | 13.6 | 39% |
| 2015 | 310,975 | 482,555 | −171,580 | 11.7 | 37% |
| 2016 | 309,537 | 399,241 | −89,704 | 11.5 | 46% |
| 2017 | 307,795 | 357,867 | −50,072 | 11.1 | 48% |
| 2018 | 251,492 | 282,788 | −31,296 | 12.7 | 48% |
| 2019 | 421,882 | 291,753 | 130,129 | 17.7 | 50% |
| 2020 | 56,883 | 171,748 | −114,865 | 22.1 | — |
| 2021 | 191,587 | 157,763 | 33,824 | 26.6 | 9% |
| 2022 | 380,907 | 346,492 | 34,415 | 13.3 | 34% |
| 2023 | 462,698 | 462,919 | −221 | 9.9 | 38% |
In its most recent public year (2023), this organization spent $221 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 16.8 in 2011. Staff pay was 38% of spending. $315,709 of its net assets are donor-restricted.
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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