Hopes Closet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 69,276 | 42,948 | 26,328 | 20.7 | 0% |
| 2018 | 156,766 | 117,069 | 39,697 | 11.7 | 42% |
| 2019 | 280,736 | 195,124 | 85,612 | 12.3 | 47% |
| 2020 | 341,233 | 236,522 | 104,711 | 12.4 | 58% |
| 2021 | 381,461 | 368,665 | 12,796 | 8.4 | 43% |
| 2022 | 481,719 | 434,382 | 47,337 | 8.4 | 41% |
| 2023 | 474,090 | 469,668 | 4,422 | 9.1 | 39% |
In its most recent public year (2023), this organization brought in $4,422 more than it spent. Its reserves stood at about 9.1 months of spending, down from 20.7 in 2017. Staff pay was 39% of spending. $35,587 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
Hopes Closet's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works