New Hope Rising Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 990,782 | 978,983 | 11,799 | 0.1 | 12% |
| 2021 | 895,333 | 954,562 | −59,229 | -0.6 | 15% |
| 2022 | 1,128,878 | 1,243,179 | −114,301 | -1.6 | 21% |
| 2023 | 1,361,659 | 1,305,501 | 56,158 | -1.0 | 36% |
In its most recent public year (2023), this organization brought in $56,158 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 0.1 in 2020. Staff pay was 36% 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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