Hungary Initiatives Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 589,156 | 865,976 | −276,820 | 286.4 | 14% |
| 2021 | 473,824 | 1,242,196 | −768,372 | 216.4 | 13% |
| 2022 | 462,418 | 1,177,639 | −715,221 | 178.2 | 11% |
| 2023 | 605,838 | 991,740 | −385,902 | 240.6 | 19% |
In its most recent public year (2023), this organization spent $385,902 more than it brought in. Its reserves stood at about 240.6 months of spending, down from 286.4 in 2020. Staff pay was 19% of spending. $136,736 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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