Hope United Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 73,247 | 73,527 | −280 | 5.2 | 5% |
| 2020 | 132,134 | 46,671 | 85,463 | 30.2 | — |
| 2021 | 486,160 | 531,293 | −45,133 | 1.6 | 6% |
| 2022 | 287,756 | 220,683 | 67,073 | 7.6 | 16% |
| 2023 | 93,754 | 199,649 | −105,895 | 2.0 | 15% |
In its most recent public year (2023), this organization spent $105,895 more than it brought in. Its reserves stood at about 2 months of spending, down from 5.2 in 2019. Staff pay was 15% 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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