Greater New Hope Baptist Church Towers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,429,275 | 1,313,195 | 116,080 | -0.7 | 26% |
| 2021 | 1,585,046 | 1,298,426 | 286,620 | 1.9 | 25% |
| 2022 | 1,494,120 | 1,478,734 | 15,386 | 1.8 | 22% |
| 2023 | 1,577,736 | 1,479,104 | 98,632 | 2.6 | 24% |
In its most recent public year (2023), this organization brought in $98,632 more than it spent. Its reserves stood at about 2.6 months of spending, up from -0.7 in 2020. Staff pay was 24% 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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