Hearcare Connection Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 104,476 | 52,257 | 52,219 | 12.3 | 19% |
| 2013 | 165,839 | 136,299 | 29,540 | 7.3 | 41% |
| 2014 | 257,828 | 292,537 | −34,709 | 2.0 | 39% |
| 2015 | 444,660 | 368,051 | 76,609 | 4.1 | 37% |
| 2016 | 616,311 | 543,526 | 72,785 | 5.1 | 28% |
| 2017 | 482,495 | 466,517 | 15,978 | 6.4 | 44% |
| 2018 | 810,480 | 703,621 | 106,859 | 6.1 | 37% |
| 2019 | 659,283 | 758,160 | −98,877 | 4.1 | 39% |
| 2020 | 716,594 | 733,357 | −16,763 | 3.9 | 43% |
| 2021 | 766,264 | 814,672 | −48,408 | 2.8 | 45% |
| 2022 | 1,005,962 | 953,243 | 52,719 | 3.2 | 43% |
| 2023 | 598,874 | 749,392 | −150,518 | 1.6 | 50% |
In its most recent public year (2023), this organization spent $150,518 more than it brought in. Its reserves stood at about 1.6 months of spending, down from 12.3 in 2012. Staff pay was 50% of spending. $57,342 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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