Hamaspik School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 3,249,950 | 4,843,417 | −1,593,467 | -3.9 | 36% |
| 2023 | 7,520,107 | 12,875,990 | −5,355,883 | -6.4 | 29% |
In its most recent public year (2023), this organization spent $5,355,883 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.4 months), down from -3.9 in 2022. Staff pay was 29% of spending.
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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