Hagerstown Goodwill Industries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,159,365 | 11,615,877 | −456,512 | 7.4 | 51% |
| 2021 | 13,438,642 | 11,885,116 | 1,553,526 | 8.7 | 46% |
| 2022 | 11,285,110 | 11,699,930 | −414,820 | 8.2 | 48% |
| 2023 | 11,227,885 | 12,828,952 | −1,601,067 | 6.1 | 48% |
In its most recent public year (2023), this organization spent $1,601,067 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 7.4 in 2020. Staff pay was 48% of spending. $464,904 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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