Hope Community Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 2,911,835 | 2,439,841 | 471,994 | 2.3 | 48% |
| 2016 | 2,970,792 | 3,341,672 | −370,880 | 0.4 | 62% |
| 2017 | 3,110,829 | 3,196,108 | −85,279 | 0.1 | 63% |
| 2018 | 3,845,311 | 3,728,868 | 116,443 | 0.4 | 62% |
| 2019 | 4,017,607 | 3,851,892 | 165,715 | 0.9 | 64% |
| 2020 | 3,293,047 | 3,199,164 | 93,883 | 1.5 | 57% |
| 2021 | 3,888,490 | 3,166,351 | 722,139 | 4.2 | 60% |
| 2022 | 15,155,671 | 1,270,394 | 13,885,277 | 141.7 | 24% |
| 2023 | 29,569 | 475,174 | −445,605 | 377.4 | 0% |
In its most recent public year (2023), this organization spent $445,605 more than it brought in. Its reserves stood at about 377.4 months of spending, up from 2.3 in 2015. Staff pay was 0% of spending. $14,943,283 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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