Highpoint Community Bank Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 10,846 | 1,000 | 9,846 | 475.7 | — |
| 2020 | 881 | 4,000 | −3,119 | 109.6 | — |
In its most recent public year (2020), this organization spent $3,119 more than it brought in. Its reserves stood at about 109.6 months of spending, down from 475.7 in 2019.
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 2020. 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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