Hospitality Maine Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 63,127 | 86,337 | −23,210 | 40.8 | — |
| 2020 | 177,677 | 159,410 | 18,267 | 25.0 | — |
| 2021 | 97,382 | 136,877 | −39,495 | 27.5 | — |
| 2022 | 190,450 | 132,779 | 57,671 | 28.3 | 59% |
| 2023 | 340,266 | 376,126 | −35,860 | 9.4 | 20% |
In its most recent public year (2023), this organization spent $35,860 more than it brought in. Its reserves stood at about 9.4 months of spending, down from 40.8 in 2019. Staff pay was 20% 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
Hospitality Maine Education Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works