Hope Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 942,408 | 1,309,794 | −367,386 | 12.3 | 61% |
| 2021 | 1,301,035 | 1,381,225 | −80,190 | 11.0 | 57% |
| 2023 | 1,623,697 | 1,809,292 | −185,595 | 6.5 | 61% |
In its most recent public year (2023), this organization spent $185,595 more than it brought in. Its reserves stood at about 6.5 months of spending, down from 12.3 in 2020. Staff pay was 61% of spending. $64,051 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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