Light Of Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 409,601 | 81,659 | 327,942 | 48.2 | 0% |
| 2020 | 2,829,721 | 484,355 | 2,345,366 | 66.2 | 23% |
| 2021 | 3,088,471 | 1,107,451 | 1,981,020 | 50.4 | 35% |
| 2022 | 3,215,863 | 2,001,854 | 1,214,009 | 35.2 | 30% |
| 2023 | 17,403,241 | 16,000,375 | 1,402,866 | 5.5 | 5% |
In its most recent public year (2023), this organization brought in $1,402,866 more than it spent. Its reserves stood at about 5.5 months of spending, down from 48.2 in 2019. Staff pay was 5% 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 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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