Center Of Hope
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 483,337 | 359,753 | 123,584 | 11.3 | 65% |
| 2022 | 407,756 | 331,645 | 76,111 | 15.0 | 63% |
| 2023 | 418,626 | 371,988 | 46,638 | 14.9 | 61% |
In its most recent public year (2023), this organization brought in $46,638 more than it spent. Its reserves stood at about 14.9 months of spending, up from 11.3 in 2021. Staff pay was 61% of spending. $57,628 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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