New Hope Baptist Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 400,196 | 484,928 | −84,732 | 60.3 | 26% |
| 2021 | 505,598 | 432,238 | 73,360 | 68.5 | 49% |
| 2022 | 353,025 | 375,458 | −22,433 | 76.8 | 63% |
| 2023 | 431,616 | 367,113 | 64,503 | 75.2 | 46% |
In its most recent public year (2023), this organization brought in $64,503 more than it spent. Its reserves stood at about 75.2 months of spending, up from 60.3 in 2020. Staff pay was 46% 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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