New Hanover Community Endowment Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 7,032 | −7,032 | -12.0 | — |
| 2021 | 1,315,589,286 | 718,896 | 1,314,870,390 | 21963.0 | 32% |
| 2022 | −36,712,168 | 10,626,455 | −47,338,623 | 1364.0 | 5% |
| 2023 | 72,912,305 | 4,800,269 | 68,112,036 | 3522.1 | 27% |
In its most recent public year (2023), this organization brought in $68,112,036 more than it spent. Its reserves stood at about 3522.1 months of spending, up from -12 in 2020. Staff pay was 27% of spending. $1,408,924,127 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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