Hkanc Scholarship Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,115 | 15,732 | −7,617 | 72.7 | — |
| 2021 | 22,666 | 20,889 | 1,777 | 55.8 | — |
| 2022 | 38,662 | 15,661 | 23,001 | 92.1 | — |
| 2023 | 21,819 | 15,676 | 6,143 | 96.7 | — |
In its most recent public year (2023), this organization brought in $6,143 more than it spent. Its reserves stood at about 96.7 months of spending, up from 72.7 in 2020.
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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