GREENSBORO AREA CHAMBER OF COMMERCE INC
Pub 78

GREENSBORO AREA CHAMBER OF COMMERCE INC
Pub 78

GREENSBORO, NC, US
501(c)(6)
EIN
56-0245040

GREENSBORO AREA CHAMBER OF COMMERCE INC
Pub 78

GREENSBORO, NC, US
501(c)(6)
EIN
56-0245040

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$3,820,298

Program Services
45%
Contributions
32%
Government Grants
14%
Other
6%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$4,296,954

Salaries & Benefits
55%
Other
33%
Offices, Occupancy & IT
9%
Fees to Service Providers
3%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,880,428
$1,226,695
-35%
Government Grants
$497,250
$544,305
+9%
Fundraising Events
$0
$0
-
Program Services
$1,340,730
$1,706,056
+27%
Membership Dues
$0
$0
-
Investments
$63,518
$115,676
+82%
Other
$265,922
$227,566
-14%
Total Revenues
$4,047,848
$3,820,298
-6%
Expenses
2023
2024
Change
Grants
$50,000
$35,000
-30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,255,311
$2,369,401
+5%
Fees to Service Providers
$113,018
$108,249
-4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$334,014
$370,829
+11%
Interest
$0
$0
-
Depreciation
$23,950
$0
-100%
Other
$1,250,204
$1,413,475
+13%
Total Expenses
$4,026,497
$4,296,954
+7%
Net income
2023
2024
Change
Net income
+$21,351
-$476,656
-2332%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$4,026,497
$4,296,954
+7%
Income Statement
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