Operating record

Point Hope Inc

Richmond, TX · EIN 20-1216129 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$522,111$584,267−$62,156-0.128%
2021$592,290$616,303−$24,013-0.625%
2022$502,867$493,466$9,401-0.526%
2023$435,733$414,879$20,854-0.019%

In its most recent public year (2023), this organization brought in $20,854 more than it spent. Its reserves stood at about 0 months of spending. Staff pay was 19% of spending. $11,937 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 ↗