Hibernian Building Association Of Salem Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 158,826 | 195,519 | −36,693 | -1.7 | 38% |
| 2022 | 214,791 | 268,059 | −53,268 | -3.7 | 31% |
| 2023 | 306,896 | 255,335 | 51,561 | -1.8 | 25% |
In its most recent public year (2023), this organization brought in $51,561 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.8 months). Staff pay was 25% 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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