Hedco Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 7,622,732 | 6,160,200 | 1,462,532 | 41.2 | 17% |
| 2022 | 3,183,026 | 3,590,996 | −407,970 | 68.9 | 26% |
| 2023 | 4,502,536 | 3,152,945 | 1,349,591 | 77.7 | 35% |
In its most recent public year (2023), this organization brought in $1,349,591 more than it spent. Its reserves stood at about 77.7 months of spending, up from 41.2 in 2021. Staff pay was 35% of spending. $2,125,962 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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