Charles R Hemenway Scholarship Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 148,509 | 254,177 | −105,668 | 201.1 | 24% |
| 2013 | 266,163 | 285,662 | −19,499 | 178.2 | 22% |
| 2014 | 472,989 | 264,899 | 208,090 | 201.6 | 23% |
| 2015 | 271,867 | 257,602 | 14,265 | 207.9 | 24% |
| 2016 | 157,942 | 299,602 | −141,660 | 173.1 | 20% |
| 2017 | 187,402 | 260,669 | −73,267 | 195.6 | 23% |
| 2018 | 183,086 | 261,886 | −78,800 | 191.0 | 24% |
| 2019 | 225,912 | 253,872 | −27,960 | 195.7 | 24% |
| 2020 | 187,516 | 270,637 | −83,121 | 179.9 | 22% |
| 2021 | 204,707 | 316,403 | −111,696 | 149.7 | 23% |
| 2022 | 509,724 | 294,665 | 215,059 | 169.5 | 24% |
| 2023 | 143,606 | 394,298 | −250,692 | 119.0 | 17% |
| 2024 | 278,685 | 261,936 | 16,749 | 179.9 | 18% |
In its most recent public year (2024), this organization brought in $16,749 more than it spent. Its reserves stood at about 179.9 months of spending, down from 201.1 in 2012. Staff pay was 18% 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 2024. 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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