Circle Of Hope Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 168,563 | 88,052 | 80,511 | 51.0 | 0% |
| 2021 | 271,751 | 123,374 | 148,377 | 50.8 | 0% |
| 2022 | 237,421 | 265,720 | −28,299 | 22.3 | 3% |
| 2023 | 164,553 | 133,993 | 30,560 | 47.0 | 12% |
In its most recent public year (2023), this organization brought in $30,560 more than it spent. Its reserves stood at about 47 months of spending, down from 51 in 2020. Staff pay was 12% of spending. $142,940 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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