Hope Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 610,568 | 563,224 | 47,344 | 9.5 | 57% |
| 2021 | 638,642 | 552,941 | 85,701 | 11.5 | 58% |
| 2022 | 712,208 | 641,490 | 70,718 | 11.3 | 68% |
| 2023 | 716,238 | 627,807 | 88,431 | 13.2 | 66% |
In its most recent public year (2023), this organization brought in $88,431 more than it spent. Its reserves stood at about 13.2 months of spending, up from 9.5 in 2020. Staff pay was 66% of spending. $153,659 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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