Philip Hofer Charitable Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 198,387 | 219,896 | −21,509 | 236.9 | 1% |
| 2021 | 460,682 | 184,955 | 275,727 | 305.8 | 0% |
| 2022 | −138,735 | 93,721 | −232,456 | 459.0 | 0% |
| 2023 | 219,096 | 109,205 | 109,891 | 442.5 | 0% |
In its most recent public year (2023), this organization brought in $109,891 more than it spent. Its reserves stood at about 442.5 months of spending, up from 236.9 in 2020. 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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