Hobe Sound Community Chest Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 842,292 | 1,668,785 | −826,493 | 28.6 | 5% |
| 2020 | 2,272,746 | 1,926,930 | 345,816 | 26.1 | 6% |
| 2021 | 2,960,726 | 3,423,186 | −462,460 | 14.7 | 5% |
| 2022 | 3,457,001 | 3,491,142 | −34,141 | 12.8 | 8% |
| 2023 | 2,982,726 | 3,880,746 | −898,020 | 8.7 | 8% |
In its most recent public year (2023), this organization spent $898,020 more than it brought in. Its reserves stood at about 8.7 months of spending, down from 28.6 in 2019. Staff pay was 8% of spending. $971,467 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
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