Hanover Area Historical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 346,558 | 251,756 | 94,802 | 147.6 | 24% |
| 2020 | 269,847 | 222,210 | 47,637 | 170.9 | 20% |
| 2021 | 158,273 | 255,352 | −97,079 | 152.6 | 22% |
| 2022 | 231,327 | 298,810 | −67,483 | 122.3 | 17% |
| 2023 | 481,332 | 310,932 | 170,400 | 126.8 | 18% |
In its most recent public year (2023), this organization brought in $170,400 more than it spent. Its reserves stood at about 126.8 months of spending, down from 147.6 in 2019. Staff pay was 18% of spending. $1,660,748 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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