Hopewell Music Cooperative-North
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 336,433 | 328,937 | 7,496 | 0.8 | 62% |
| 2020 | 320,610 | 265,045 | 55,565 | 3.8 | 56% |
| 2021 | 419,936 | 267,043 | 152,893 | 10.7 | 57% |
| 2022 | 332,890 | 324,808 | 8,082 | 9.1 | 64% |
| 2023 | 280,950 | 322,197 | −41,247 | 7.6 | 71% |
In its most recent public year (2023), this organization spent $41,247 more than it brought in. Its reserves stood at about 7.6 months of spending, up from 0.8 in 2019. Staff pay was 71% 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 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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