Hardwood Forest Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,444 | 111,316 | −48,872 | 22.9 | — |
| 2021 | 113,674 | 108,509 | 5,165 | 24.1 | — |
| 2022 | 113,710 | 197,870 | −84,160 | 8.1 | — |
| 2023 | 132,162 | 189,847 | −57,685 | 4.8 | — |
In its most recent public year (2023), this organization spent $57,685 more than it brought in. Its reserves stood at about 4.8 months of spending, down from 22.9 in 2020.
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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