Newthreads Of Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,457,414 | 2,673,552 | −1,216,138 | 6.9 | 5% |
| 2012 | 5,899,157 | 4,097,077 | 1,802,080 | 9.8 | 3% |
| 2013 | 3,126,617 | 3,708,191 | −581,574 | 8.9 | 4% |
| 2014 | 6,177,542 | 3,896,132 | 2,281,410 | 15.5 | 3% |
| 2015 | 24,601,549 | 9,904,033 | 14,697,516 | 23.9 | 1% |
| 2016 | 7,371,947 | 8,397,661 | −1,025,714 | 26.7 | 2% |
| 2017 | 3,684,798 | 4,851,603 | −1,166,805 | 43.4 | 4% |
| 2018 | 3,866,425 | 5,392,431 | −1,526,006 | 35.6 | 3% |
| 2019 | 6,605,781 | 5,499,806 | 1,105,975 | 37.3 | 3% |
| 2020 | 2,349,314 | 4,732,358 | −2,383,044 | 37.4 | 3% |
| 2021 | 7,881,780 | 2,699,067 | 5,182,713 | 88.5 | 3% |
| 2022 | 1,807,558 | 2,768,386 | −960,828 | 82.2 | 3% |
| 2023 | 8,239,416 | 4,894,287 | 3,345,129 | 54.7 | 3% |
In its most recent public year (2023), this organization brought in $3,345,129 more than it spent. Its reserves stood at about 54.7 months of spending, up from 6.9 in 2011. Staff pay was 3% 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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