Hook Arts Media Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 483,492 | 513,375 | −29,883 | 10.7 | 64% |
| 2021 | 788,775 | 589,146 | 199,629 | 13.4 | 51% |
| 2022 | 965,577 | 1,020,148 | −54,571 | 10.5 | 67% |
| 2023 | 967,944 | 979,972 | −12,028 | 10.7 | 55% |
In its most recent public year (2023), this organization spent $12,028 more than it brought in. Its reserves stood at about 10.7 months of spending. Staff pay was 55% of spending. $447,380 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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