Hope Educational & Research Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 25,183,376 | 17,433,044 | 7,750,332 | 115.8 | 56% |
| 2021 | 45,382,338 | 18,561,488 | 26,820,850 | 126.1 | 54% |
| 2022 | 12,701,543 | 19,546,310 | −6,844,767 | 115.2 | 55% |
| 2023 | 18,014,280 | 19,504,717 | −1,490,437 | 114.6 | 57% |
In its most recent public year (2023), this organization spent $1,490,437 more than it brought in. Its reserves stood at about 114.6 months of spending, down from 115.8 in 2020. Staff pay was 57% 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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