Homeschool Learning Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 666,500 | 672,641 | −6,141 | 1.1 | 59% |
| 2020 | 861,769 | 947,308 | −85,539 | -0.3 | 70% |
| 2021 | 1,048,238 | 1,139,590 | −91,352 | 1.3 | 66% |
| 2022 | 2,191,173 | 1,824,688 | 366,485 | 3.2 | 56% |
| 2023 | 2,166,101 | 2,440,387 | −274,286 | 1.1 | 63% |
In its most recent public year (2023), this organization spent $274,286 more than it brought in. Its reserves stood at about 1.1 months of spending. Staff pay was 63% 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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