Hometech Charter School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,611,436 | 1,163,180 | 448,256 | 13.1 | 50% |
| 2021 | 1,607,166 | 1,107,100 | 500,066 | 19.2 | 46% |
| 2022 | 1,346,355 | 1,306,976 | 39,379 | 16.6 | 41% |
| 2023 | 1,757,544 | 1,523,785 | 233,759 | 16.1 | 42% |
In its most recent public year (2023), this organization brought in $233,759 more than it spent. Its reserves stood at about 16.1 months of spending, up from 13.1 in 2020. Staff pay was 42% of spending. $61,656 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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