Open Hands Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 246,232 | 146,863 | 99,369 | 12.3 | 0% |
| 2016 | 326,993 | 471,200 | −144,207 | 0.2 | 0% |
| 2017 | 276,418 | 315,317 | −38,899 | -1.2 | 0% |
| 2018 | 329,106 | 333,708 | −4,602 | -1.3 | 0% |
| 2019 | 379,300 | 301,393 | 77,907 | 1.6 | 0% |
| 2020 | 321,655 | 124,892 | 196,763 | 22.9 | 0% |
| 2021 | 444,205 | 270,874 | 173,331 | 18.2 | 0% |
| 2022 | 382,347 | 316,987 | 65,360 | 18.0 | 0% |
In its most recent public year (2022), this organization brought in $65,360 more than it spent. Its reserves stood at about 18 months of spending, up from 12.3 in 2015. Staff pay was 0% of spending. $8,917 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 2022. 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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