Hagerstown Community College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 913,495 | 496,971 | 416,524 | 194.4 | 0% |
| 2012 | 954,628 | 712,338 | 242,290 | 135.3 | 0% |
| 2013 | 1,349,664 | 697,728 | 651,936 | 149.1 | 0% |
| 2014 | 1,435,867 | 917,532 | 518,335 | 122.5 | 0% |
| 2015 | 1,150,028 | 697,348 | 452,680 | 168.3 | 0% |
| 2016 | 1,090,908 | 744,769 | 346,139 | 155.3 | 0% |
| 2017 | 1,680,544 | 822,345 | 858,199 | 157.3 | 0% |
| 2018 | 1,287,435 | 1,016,551 | 270,884 | 135.7 | 0% |
| 2019 | 1,810,116 | 951,385 | 858,731 | 158.4 | 0% |
| 2020 | 2,293,756 | 982,232 | 1,311,524 | 160.9 | 0% |
| 2021 | 1,593,789 | 982,232 | 611,557 | 200.1 | 0% |
| 2022 | 8,438,842 | 1,148,651 | 7,290,191 | 234.4 | 0% |
| 2023 | 1,992,131 | 1,252,400 | 739,731 | 226.9 | 0% |
In its most recent public year (2023), this organization brought in $739,731 more than it spent. Its reserves stood at about 226.9 months of spending, up from 194.4 in 2011. Staff pay was 0% of spending. $18,535,598 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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