Hope Faith Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,222,866 | 2,648,146 | −425,280 | 14.6 | 29% |
| 2021 | 3,252,870 | 3,450,211 | −197,341 | 12.0 | 36% |
| 2022 | 1,844,100 | 1,878,130 | −34,030 | 21.9 | 45% |
| 2023 | 2,168,373 | 2,039,433 | 128,940 | 20.9 | 42% |
In its most recent public year (2023), this organization brought in $128,940 more than it spent. Its reserves stood at about 20.9 months of spending, up from 14.6 in 2020. Staff pay was 42% of spending. $274,468 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
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