Project Hope Boston Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,635,658 | 5,841,576 | −205,918 | 11.8 | 41% |
| 2021 | 10,426,381 | 9,613,016 | 813,365 | 8.2 | 34% |
| 2022 | 15,440,351 | 14,355,748 | 1,084,603 | 6.4 | 23% |
| 2023 | 6,535,696 | 6,413,957 | 121,739 | 14.5 | 39% |
In its most recent public year (2023), this organization brought in $121,739 more than it spent. Its reserves stood at about 14.5 months of spending, up from 11.8 in 2020. Staff pay was 39% of spending. $478,492 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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