Heart Of Hope Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 65,719 | 78,065 | −12,346 | 25.4 | — |
| 2020 | 184,531 | 100,428 | 84,103 | 29.8 | — |
| 2021 | 133,799 | 110,320 | 23,479 | 38.9 | 47% |
| 2022 | 288,441 | 151,088 | 137,353 | 39.3 | 39% |
| 2023 | 734,219 | 718,203 | 16,016 | 8.5 | 2% |
In its most recent public year (2023), this organization brought in $16,016 more than it spent. Its reserves stood at about 8.5 months of spending, down from 25.4 in 2019. Staff pay was 2% of spending. $90,500 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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