Home Ownership Financial Literacy Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 161,994 | 105,000 | 56,994 | 14.1 | — |
| 2022 | 112,870 | 11,065 | 101,805 | 244.6 | — |
| 2023 | 26,435 | 93,627 | −67,192 | 20.3 | — |
In its most recent public year (2023), this organization spent $67,192 more than it brought in. Its reserves stood at about 20.3 months of spending, up from 14.1 in 2021.
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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