Saint Ignace Area Hope
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 166,650 | 144,958 | 21,692 | 29.5 | — |
| 2020 | 152,792 | 124,873 | 27,919 | 36.9 | 40% |
| 2021 | 176,637 | 135,986 | 40,651 | 37.5 | 38% |
| 2022 | 188,420 | 164,465 | 23,955 | 32.8 | 32% |
| 2023 | 235,432 | 174,161 | 61,271 | 35.2 | 34% |
In its most recent public year (2023), this organization brought in $61,271 more than it spent. Its reserves stood at about 35.2 months of spending, up from 29.5 in 2019. Staff pay was 34% 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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