Hughes Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 305,692 | 53,400 | 252,292 | 183.5 | 0% |
| 2012 | 40,695 | 40,218 | 477 | 243.7 | 0% |
| 2013 | 315,574 | 45,133 | 270,441 | 314.7 | 0% |
| 2014 | 220,112 | 66,866 | 153,246 | 240.3 | 0% |
| 2015 | 225,332 | 22,965 | 202,367 | 782.4 | 0% |
| 2016 | 66,325 | 38,425 | 27,900 | 471.1 | 0% |
| 2017 | 201,954 | 31,684 | 170,270 | 642.2 | 0% |
| 2018 | 7,651 | 45,125 | −37,474 | 434.6 | 0% |
| 2019 | 220,748 | 32,636 | 188,112 | 683.9 | 0% |
| 2020 | 231,353 | 72,134 | 159,219 | 337.8 | 0% |
| 2021 | 253,569 | 69,597 | 183,972 | 393.4 | 0% |
| 2022 | 477,066 | 125,250 | 351,816 | 250.5 | 0% |
| 2023 | 336,384 | 20,361 | 316,023 | 1809.0 | 0% |
In its most recent public year (2023), this organization brought in $316,023 more than it spent. Its reserves stood at about 1809 months of spending, up from 183.5 in 2011. Staff pay was 0% 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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