Free Mom Hugs Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 23,818 | 19,435 | 4,383 | 22.8 | — |
| 2020 | 367,638 | 195,570 | 172,068 | 12.7 | 44% |
| 2021 | 377,801 | 300,175 | 77,626 | 11.4 | 53% |
| 2022 | 432,664 | 357,650 | 75,014 | 12.1 | 46% |
| 2023 | 503,246 | 464,923 | 38,323 | 10.3 | 44% |
In its most recent public year (2023), this organization brought in $38,323 more than it spent. Its reserves stood at about 10.3 months of spending, down from 22.8 in 2019. Staff pay was 44% of spending. $37,754 of its net assets are donor-restricted.
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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