Hope Center Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 252,230 | 250,697 | 1,533 | -2.0 | 15% |
| 2020 | 311,427 | 242,094 | 69,333 | 1.4 | 22% |
| 2021 | 635,686 | 583,713 | 51,973 | 1.6 | 8% |
| 2022 | 749,133 | 731,665 | 17,468 | 1.6 | 6% |
| 2023 | 1,061,039 | 1,089,262 | −28,223 | 0.8 | 4% |
In its most recent public year (2023), this organization spent $28,223 more than it brought in. Its reserves stood at about 0.8 months of spending, up from -2 in 2019. Staff pay was 4% 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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