New Hope Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 258,850 | 228,458 | 30,392 | 9.1 | 20% |
| 2021 | 635,461 | 259,295 | 376,166 | 26.3 | 17% |
| 2022 | 569,989 | 353,547 | 216,442 | 26.6 | 16% |
| 2023 | 531,277 | 358,527 | 172,750 | 32.0 | 17% |
In its most recent public year (2023), this organization brought in $172,750 more than it spent. Its reserves stood at about 32 months of spending, up from 9.1 in 2020. Staff pay was 17% 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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