New Hope Family Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 767,376 | 496,543 | 270,833 | 18.8 | 62% |
| 2022 | 663,835 | 652,503 | 11,332 | 14.5 | 61% |
| 2023 | 686,900 | 843,270 | −156,370 | 9.0 | 58% |
| 2024 | 645,950 | 848,871 | −202,921 | 6.1 | 57% |
In its most recent public year (2024), this organization spent $202,921 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 18.8 in 2021. Staff pay was 57% of spending. $28,120 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 2024. 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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