Hbcu Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 39,432 | 104,651 | −65,219 | -15.0 | — |
| 2022 | 77,914 | 117,439 | −39,525 | -17.4 | — |
| 2023 | 91,959 | 133,809 | −41,850 | -19.1 | — |
In its most recent public year (2023), this organization spent $41,850 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-19.1 months), down from -15 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 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
Hbcu Promise Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works