Hope Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,335,063 | 1,131,596 | 203,467 | 30.6 | 52% |
| 2021 | 1,609,479 | 1,306,769 | 302,710 | 29.3 | 50% |
| 2022 | 2,512,921 | 1,556,263 | 956,658 | 32.0 | 47% |
| 2023 | 4,308,140 | 1,600,444 | 2,707,696 | 51.2 | 47% |
In its most recent public year (2023), this organization brought in $2,707,696 more than it spent. Its reserves stood at about 51.2 months of spending, up from 30.6 in 2020. Staff pay was 47% of spending. $2,496,160 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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