Reason For Our Hope Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 541,325 | 456,751 | 84,574 | 29.6 | 39% |
| 2021 | 461,960 | 468,990 | −7,030 | 28.7 | 39% |
| 2022 | 550,938 | 542,909 | 8,029 | 24.9 | 32% |
| 2023 | 495,177 | 478,000 | 17,177 | 28.7 | 40% |
In its most recent public year (2023), this organization brought in $17,177 more than it spent. Its reserves stood at about 28.7 months of spending. Staff pay was 40% 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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