Hanover Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 366,141 | 285,184 | 80,957 | 57.7 | 0% |
| 2012 | 236,174 | 246,964 | −10,790 | 66.3 | 0% |
| 2013 | 209,280 | 196,829 | 12,451 | 90.2 | 0% |
| 2014 | 1,571,026 | 282,615 | 1,288,411 | 123.7 | 0% |
| 2015 | 706,361 | 342,403 | 363,958 | 111.3 | 0% |
| 2016 | 410,359 | 372,907 | 37,452 | 99.6 | 0% |
| 2017 | 552,162 | 331,942 | 220,220 | 129.6 | 0% |
| 2018 | 418,375 | 426,683 | −8,308 | 103.0 | 0% |
| 2019 | 337,555 | 356,503 | −18,948 | 126.7 | 0% |
| 2020 | 585,857 | 494,563 | 91,294 | 92.8 | 0% |
| 2021 | 609,232 | 279,936 | 329,296 | 204.5 | 0% |
| 2022 | 552,749 | 335,391 | 217,358 | 149.6 | 0% |
| 2023 | 542,835 | 396,671 | 146,164 | 133.9 | 0% |
In its most recent public year (2023), this organization brought in $146,164 more than it spent. Its reserves stood at about 133.9 months of spending, up from 57.7 in 2011. Staff pay was 0% of spending. $4,000,126 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
Hanover Education Foundation'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