Fostering Hope New England Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 57,394 | 12,690 | 44,704 | 54.2 | — |
| 2018 | 151,152 | 142,148 | 9,004 | 5.6 | — |
| 2019 | 204,335 | 141,174 | 63,161 | 10.9 | 71% |
| 2020 | 220,691 | 173,394 | 47,297 | 12.2 | 68% |
| 2021 | 366,016 | 230,155 | 135,861 | 16.3 | 58% |
| 2022 | 465,119 | 353,629 | 111,490 | 14.1 | 67% |
| 2023 | 400,209 | 350,872 | 49,337 | 16.3 | 68% |
In its most recent public year (2023), this organization brought in $49,337 more than it spent. Its reserves stood at about 16.3 months of spending, down from 54.2 in 2017. Staff pay was 68% of spending. $13,366 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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