The Hope Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,549,017 | 3,382,342 | 166,675 | 3.0 | 51% |
| 2021 | 4,612,432 | 4,171,295 | 441,137 | 3.7 | 52% |
| 2022 | 5,145,628 | 4,959,247 | 186,381 | 3.6 | 50% |
| 2023 | 6,378,003 | 5,741,577 | 636,426 | 4.3 | 49% |
In its most recent public year (2023), this organization brought in $636,426 more than it spent. Its reserves stood at about 4.3 months of spending, up from 3 in 2020. Staff pay was 49% of spending. $2,841 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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