Hope Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,264,816 | 3,552,280 | −287,464 | 21.6 | 32% |
| 2021 | 3,542,167 | 3,972,429 | −430,262 | 18.4 | 30% |
| 2022 | 3,276,829 | 4,184,989 | −908,160 | 14.5 | 35% |
| 2023 | 3,529,911 | 4,684,312 | −1,154,401 | 10.2 | 37% |
In its most recent public year (2023), this organization spent $1,154,401 more than it brought in. Its reserves stood at about 10.2 months of spending, down from 21.6 in 2020. Staff pay was 37% of spending. $578,000 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 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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