Hopebound Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 142,417 | 476,958 | −334,541 | 7.7 | — |
| 2020 | 181,449 | 501,735 | −320,286 | 8.4 | — |
| 2021 | 394,072 | 686,595 | −292,523 | 11.6 | 36% |
| 2022 | 372,663 | 925,489 | −552,826 | 12.3 | 50% |
| 2023 | 355,624 | 1,134,649 | −779,025 | 10.9 | 52% |
In its most recent public year (2023), this organization spent $779,025 more than it brought in. Its reserves stood at about 10.9 months of spending, up from 7.7 in 2019. Staff pay was 52% 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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