Hagerstown-Washington County Industrial Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 45,316 | 175,125 | −129,809 | 477.8 | 41% |
| 2013 | 44,144 | 172,375 | −128,231 | 487.9 | 34% |
| 2014 | 123,080 | 113,005 | 10,075 | 759.2 | 35% |
| 2015 | 134,024 | 101,279 | 32,745 | 843.8 | 0% |
| 2016 | 58,719 | 88,762 | −30,043 | 954.7 | 39% |
| 2017 | 639,779 | 84,446 | 555,333 | 1094.3 | 41% |
| 2018 | 99,979 | 239,536 | −139,557 | 378.8 | 15% |
| 2019 | 1,400,055 | 100,948 | 1,299,107 | 1050.9 | 36% |
| 2020 | 507,311 | 106,364 | 400,947 | 1056.5 | 47% |
| 2021 | 118,522 | 88,728 | 29,794 | 1343.6 | 56% |
| 2022 | 554,975 | 123,482 | 431,493 | 994.1 | 40% |
| 2023 | 161,794 | 166,296 | −4,502 | 724.6 | 52% |
| 2024 | 213,145 | 139,137 | 74,008 | 900.3 | 67% |
In its most recent public year (2024), this organization brought in $74,008 more than it spent. Its reserves stood at about 900.3 months of spending, up from 477.8 in 2012. Staff pay was 67% 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 2024. 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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