Hope Academy Of Charlotte
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,694,160 | 1,291,405 | 402,755 | 10.9 | 48% |
| 2022 | 2,680,640 | 1,502,933 | 1,177,707 | 18.8 | 53% |
| 2023 | 3,174,221 | 1,985,083 | 1,189,138 | 21.3 | 50% |
| 2024 | 2,360,404 | 2,465,568 | −105,164 | 16.6 | 46% |
In its most recent public year (2024), this organization spent $105,164 more than it brought in. Its reserves stood at about 16.6 months of spending, up from 10.9 in 2021. 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 2024. 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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