Song Of Hope Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 94,921 | 81,848 | 13,073 | 1.9 | — |
| 2020 | 99,818 | 113,178 | −13,360 | -0.0 | — |
| 2021 | 122,450 | 100,075 | 22,375 | 2.6 | — |
| 2022 | 93,211 | 119,031 | −25,820 | -0.4 | — |
| 2023 | 130,345 | 128,104 | 2,241 | -0.1 | — |
In its most recent public year (2023), this organization brought in $2,241 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months), down from 1.9 in 2019.
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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