Erik Hite Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,294 | 25,148 | −13,854 | 6.4 | — |
| 2012 | 119,748 | 166,353 | −46,605 | -2.4 | — |
| 2013 | 193,266 | 186,579 | 6,687 | -1.7 | — |
| 2014 | 224,291 | 214,219 | 10,072 | -0.9 | 62% |
| 2015 | 299,438 | 278,693 | 20,745 | 0.2 | 58% |
| 2016 | 397,148 | 319,738 | 77,410 | 3.1 | 66% |
| 2017 | 383,211 | 359,524 | 23,687 | 3.5 | 60% |
| 2018 | 371,354 | 407,373 | −36,019 | 2.0 | 63% |
| 2019 | 449,477 | 452,792 | −3,315 | 1.8 | 63% |
| 2020 | 624,616 | 530,388 | 94,228 | 3.6 | 64% |
| 2021 | 619,921 | 542,385 | 77,536 | 5.3 | 64% |
| 2022 | 753,506 | 586,932 | 166,574 | 8.3 | 55% |
| 2023 | 977,638 | 912,272 | 65,366 | 6.2 | 59% |
In its most recent public year (2023), this organization brought in $65,366 more than it spent. Its reserves stood at about 6.2 months of spending. Staff pay was 59% of spending.
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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