New Hope Empowerment Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 65,171 | 17,430 | 47,741 | 32.9 | — |
| 2021 | 209,584 | 49,198 | 160,386 | 39.1 | 36% |
| 2023 | 91,432 | 17,561 | 73,871 | 173.0 | 0% |
In its most recent public year (2023), this organization brought in $73,871 more than it spent. Its reserves stood at about 173 months of spending, up from 32.9 in 2013. Staff pay was 0% 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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