A New Generation Of Hernando Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 256,123 | 257,820 | −1,697 | 14.8 | 40% |
| 2021 | 409,161 | 371,542 | 37,619 | 11.5 | 53% |
| 2022 | 465,227 | 442,556 | 22,671 | 10.3 | 55% |
| 2023 | 481,980 | 488,040 | −6,060 | 9.2 | 55% |
In its most recent public year (2023), this organization spent $6,060 more than it brought in. Its reserves stood at about 9.2 months of spending, down from 14.8 in 2020. Staff pay was 55% 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
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