Lower Hanover Canal Assn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 126,369 | 151,604 | −25,235 | 13.6 | — |
| 2022 | 133,370 | 126,018 | 7,352 | 17.1 | — |
| 2023 | 128,913 | 125,160 | 3,753 | 17.5 | — |
| 2024 | 124,010 | 176,793 | −52,783 | 8.8 | — |
In its most recent public year (2024), this organization spent $52,783 more than it brought in. Its reserves stood at about 8.8 months of spending, down from 13.6 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 2024. 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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