Hoover Intergenerational Care
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,270,966 | 843,538 | 1,427,428 | 20.5 | 51% |
| 2021 | 708,547 | 811,862 | −103,315 | 19.7 | 54% |
| 2022 | 911,107 | 934,495 | −23,388 | 16.8 | 54% |
| 2023 | 1,397,423 | 1,084,870 | 312,553 | 18.8 | 56% |
In its most recent public year (2023), this organization brought in $312,553 more than it spent. Its reserves stood at about 18.8 months of spending, down from 20.5 in 2020. Staff pay was 56% of spending. $1,213,017 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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