Hope Ignites Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,787,835 | 2,159,124 | 628,711 | 43.9 | 45% |
| 2022 | 3,217,355 | 1,936,916 | 1,280,439 | 47.3 | 41% |
| 2023 | 2,210,344 | 2,294,473 | −84,129 | 43.8 | 42% |
In its most recent public year (2023), this organization spent $84,129 more than it brought in. Its reserves stood at about 43.8 months of spending. Staff pay was 42% of spending. $1,044,199 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
Hope Ignites Chicago'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