Hwarang Youth Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 127,018 | 123,281 | 3,737 | 0.6 | — |
| 2019 | 127,897 | 131,450 | −3,553 | 0.2 | — |
| 2020 | 71,578 | 60,081 | 11,497 | 2.8 | — |
| 2021 | 149,411 | 158,035 | −8,624 | 0.6 | 1% |
| 2022 | 193,176 | 164,344 | 28,832 | 2.7 | 0% |
| 2023 | 243,452 | 255,379 | −11,927 | 1.2 | 25% |
In its most recent public year (2023), this organization spent $11,927 more than it brought in. Its reserves stood at about 1.2 months of spending. Staff pay was 25% 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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