Faith Hope & Love Outreach Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 121,516 | 70,885 | 50,631 | 8.6 | — |
| 2019 | 506,968 | 509,540 | −2,572 | 1.1 | 30% |
| 2020 | 715,903 | 639,265 | 76,638 | 2.3 | 12% |
| 2021 | 1,569,964 | 1,266,080 | 303,884 | 4.1 | 27% |
| 2022 | 2,343,807 | 1,747,673 | 596,134 | 5.7 | 40% |
| 2023 | 520,604 | 1,345,488 | −824,884 | -0.0 | 45% |
In its most recent public year (2023), this organization spent $824,884 more than it brought in. Its reserves stood at about 0 months of spending, down from 8.6 in 2018. Staff pay was 45% 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
Faith Hope & Love Outreach Center Inc's IRS filings as a feed — one entry per filing year, through 2023. 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