Bulgaria Innovation Hub Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 319,668 | 198,188 | 121,480 | 7.4 | 76% |
| 2022 | 150,662 | 287,716 | −137,054 | -0.6 | 60% |
| 2023 | 267,003 | 288,078 | −21,075 | -1.5 | 52% |
In its most recent public year (2023), this organization spent $21,075 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.5 months), down from 7.4 in 2021. Staff pay was 52% of spending. $38,846 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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