WORCESTER REGIONAL CHAMBER OF COMMERCE
Pub 78

WORCESTER REGIONAL CHAMBER OF COMMERCE
Pub 78

Worcester, MA, US
501(c)
EIN
04-1988780

WORCESTER REGIONAL CHAMBER OF COMMERCE
Pub 78

Worcester, MA, US
501(c)
EIN
04-1988780

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$3,116,944

Program Services
89%
Other
5%
Contributions
3%
Government Grants
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$3,163,135

Salaries & Benefits
61%
Other
28%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Advertising & Promotion
3%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,244,384
$103,500
-95%
Government Grants
$0
$64,750
-
Fundraising Events
$0
$0
-
Program Services
$1,232,984
$2,786,093
+126%
Membership Dues
$0
$0
-
Investments
$5,558
$5,110
-8%
Other
$0
$157,491
-
Total Revenues
$3,482,926
$3,116,944
-11%
Expenses
2023
2024
Change
Grants
$250,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,205,540
$1,924,182
-13%
Fees to Service Providers
$126,089
$97,374
-23%
Advertising & Promotion
$68,777
$83,559
+21%
Offices, Occupancy & IT
$174,413
$176,054
+1%
Interest
$0
$0
-
Depreciation
$4,539
$3,301
-27%
Other
$881,989
$878,665
0%
Total Expenses
$3,711,347
$3,163,135
-15%
Net income
2023
2024
Change
Net income
-$228,421
-$46,191
+80%
Functional Expenses
Summary
2023
2024
Change
Program
$844,270
$676,157
-20%
Admin
$2,867,077
$2,486,978
-13%
Fundraising
$0
$0
-
Total Expenses
$3,711,347
$3,163,135
-15%
Income Statement
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