Hopes Closet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 18,471 | 9,875 | 8,596 | 10.4 | — |
| 2016 | 37,638 | 29,259 | 8,379 | 7.0 | — |
| 2017 | 36,342 | 27,355 | 8,987 | 11.4 | — |
| 2018 | 46,469 | 32,795 | 13,674 | 14.5 | — |
| 2019 | 39,264 | 29,384 | 9,880 | 20.2 | — |
| 2020 | 28,043 | 32,928 | −4,885 | 16.3 | — |
In its most recent public year (2020), this organization spent $4,885 more than it brought in. Its reserves stood at about 16.3 months of spending, up from 10.4 in 2015.
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 2020. 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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