Hanover Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 625,411 | 635,193 | −9,782 | -2.0 | 65% |
| 2012 | 558,749 | 620,919 | −62,170 | -3.3 | 64% |
| 2013 | 578,510 | 590,938 | −12,428 | -3.7 | 67% |
| 2014 | 472,538 | 526,426 | −53,888 | -5.4 | 68% |
| 2015 | 485,600 | 485,063 | 537 | -5.8 | 68% |
| 2016 | 382,465 | 423,956 | −41,491 | -8.2 | 68% |
| 2017 | 406,190 | 404,283 | 1,907 | -9.3 | 60% |
| 2018 | 516,232 | 444,095 | 72,137 | -8.9 | 68% |
| 2019 | 448,864 | 436,443 | 12,421 | -8.7 | 67% |
| 2020 | 462,492 | 439,029 | 23,463 | -8.0 | 70% |
| 2021 | 931,413 | 543,816 | 387,597 | 2.1 | 71% |
| 2022 | 988,761 | 654,752 | 334,009 | 7.9 | 70% |
| 2023 | 868,436 | 780,131 | 88,305 | 9.5 | 72% |
In its most recent public year (2023), this organization brought in $88,305 more than it spent. Its reserves stood at about 9.5 months of spending, up from -2 in 2011. Staff pay was 72% 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
Hanover Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works