Initiate Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 74,520 | 48,823 | 25,697 | 6.3 | — |
| 2015 | 60,710 | 75,439 | −14,729 | 0.8 | — |
| 2016 | 50,792 | 49,508 | 1,284 | 1.6 | — |
| 2017 | 55,207 | 57,353 | −2,146 | 0.9 | — |
| 2018 | 54,995 | 59,166 | −4,171 | 0.0 | — |
| 2019 | 54,996 | 56,090 | −1,094 | 0.0 | — |
| 2020 | 47,930 | 51,204 | −3,274 | 0.3 | — |
| 2021 | 79,890 | 70,688 | 9,202 | 3.0 | — |
| 2022 | 60,652 | 46,458 | 14,194 | 8.1 | — |
| 2023 | 66,983 | 82,456 | −15,473 | 2.3 | — |
In its most recent public year (2023), this organization spent $15,473 more than it brought in. Its reserves stood at about 2.3 months of spending, down from 6.3 in 2014.
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
Initiate Hope Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works