Hope Community Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 129,838 | 131,452 | −1,614 | 0.4 | — |
| 2021 | 265,031 | 224,831 | 40,200 | 2.4 | 81% |
| 2022 | 208,417 | 262,698 | −54,281 | -0.5 | 81% |
In its most recent public year (2022), this organization spent $54,281 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months). Staff pay was 81% 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 2022. 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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