Hmong Education Reform Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 969,293 | 828,496 | 140,797 | -12.5 | 0% |
| 2012 | 908,402 | 875,349 | 33,053 | -11.4 | 0% |
| 2013 | 837,454 | 994,257 | −156,803 | -11.9 | 0% |
| 2014 | 1,710,368 | 2,096,599 | −386,231 | -15.0 | 0% |
| 2015 | 2,015,314 | 2,110,269 | −94,955 | -15.4 | 0% |
| 2016 | 1,965,185 | 2,098,939 | −133,754 | -16.3 | 0% |
| 2017 | 2,376,123 | 5,132,160 | −2,756,037 | -13.1 | 0% |
| 2018 | 3,919,447 | 4,295,462 | −376,015 | -16.7 | 0% |
| 2019 | 4,245,354 | 4,522,988 | −277,634 | -16.6 | 0% |
| 2020 | 4,464,368 | 5,513,734 | −1,049,366 | -15.9 | 0% |
| 2021 | 9,901,803 | 5,979,075 | 3,922,728 | -6.8 | 0% |
| 2022 | 5,088,738 | 2,784,370 | 2,304,368 | -4.7 | 0% |
| 2023 | 5,502,527 | 5,958,429 | −455,902 | -3.1 | 0% |
In its most recent public year (2023), this organization spent $455,902 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.1 months), up from -12.5 in 2011. Staff pay was 0% of spending. $1,747,407 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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