Hitchcock Free Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 271,145 | 208,458 | 62,687 | 113.8 | 39% |
| 2019 | 475,579 | 194,619 | 280,960 | 139.2 | 43% |
| 2020 | 373,585 | 156,612 | 216,973 | 189.7 | 49% |
| 2021 | 463,159 | 213,180 | 249,979 | 153.4 | 39% |
| 2022 | 279,474 | 266,629 | 12,845 | 102.4 | 39% |
| 2023 | 219,604 | 303,669 | −84,065 | 97.1 | 39% |
In its most recent public year (2023), this organization spent $84,065 more than it brought in. Its reserves stood at about 97.1 months of spending, down from 113.8 in 2018. Staff pay was 39% 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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