Beacon Of Hope Pine Island Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 447,690 | 373,399 | 74,291 | 12.6 | 38% |
| 2021 | 428,645 | 421,231 | 7,414 | 11.3 | 33% |
| 2022 | 720,647 | 453,655 | 266,992 | 17.6 | 32% |
In its most recent public year (2022), this organization brought in $266,992 more than it spent. Its reserves stood at about 17.6 months of spending, up from 12.6 in 2020. Staff pay was 32% of spending. $288,263 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 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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