Hanover Foundation For Excellence In Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 101,195 | 133,286 | −32,091 | 17.4 | — |
| 2021 | 78,871 | 105,287 | −26,416 | 19.0 | — |
| 2022 | 77,867 | 82,968 | −5,101 | 23.4 | — |
| 2023 | 71,964 | 60,924 | 11,040 | 34.1 | — |
In its most recent public year (2023), this organization brought in $11,040 more than it spent. Its reserves stood at about 34.1 months of spending, up from 17.4 in 2020.
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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