Fostering Hope In Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 6,745 | 2,264 | 4,481 | 28.5 | — |
| 2014 | 11,520 | 9,648 | 1,872 | 9.0 | — |
| 2015 | 13,788 | 11,656 | 2,132 | 9.7 | — |
| 2016 | 10,910 | 12,292 | −1,382 | 7.8 | — |
| 2019 | 106,926 | 116,060 | −9,134 | 9.9 | — |
| 2020 | 45,343 | 34,521 | 10,822 | 37.0 | — |
| 2021 | 80,996 | 78,138 | 2,858 | 16.8 | — |
| 2022 | 116,327 | 87,591 | 28,736 | 18.9 | — |
| 2023 | 87,741 | 100,985 | −13,244 | 14.8 | — |
| 2024 | 121,872 | 103,400 | 18,472 | 16.6 | — |
In its most recent public year (2024), this organization brought in $18,472 more than it spent. Its reserves stood at about 16.6 months of spending, down from 28.5 in 2013.
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 2024. 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
Fostering Hope In Michigan's IRS filings as a feed — one entry per filing year, through 2024. 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