New Hope Bible Way Church Of Middletown Connecticut
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 16,844 | 23,899 | −7,055 | 0.0 | — |
| 2020 | 37,394 | 21,064 | 16,330 | 189.9 | — |
| 2021 | 41,645 | 38,340 | 3,305 | 103.3 | — |
In its most recent public year (2021), this organization brought in $3,305 more than it spent. Its reserves stood at about 103.3 months of spending, up from 0 in 2019.
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 2021. 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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