Hope Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,456,320 | 7,572,303 | 1,884,017 | 29.5 | 65% |
| 2021 | 12,467,556 | 8,626,142 | 3,841,414 | 31.3 | 64% |
| 2022 | 13,659,656 | 9,799,766 | 3,859,890 | 32.1 | 64% |
| 2023 | 27,043,718 | 11,650,934 | 15,392,784 | 42.9 | 64% |
In its most recent public year (2023), this organization brought in $15,392,784 more than it spent. Its reserves stood at about 42.9 months of spending, up from 29.5 in 2020. Staff pay was 64% of spending. $17,908,573 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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