Ray Of Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,959,610 | 4,086,199 | 873,411 | 3.5 | 76% |
| 2022 | 4,031,289 | 4,060,602 | −29,313 | 3.4 | 73% |
| 2023 | 4,499,278 | 4,041,787 | 457,491 | 4.8 | 74% |
| 2024 | 5,183,903 | 4,575,587 | 608,316 | 5.9 | 74% |
In its most recent public year (2024), this organization brought in $608,316 more than it spent. Its reserves stood at about 5.9 months of spending, up from 3.5 in 2021. Staff pay was 74% 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 2024. 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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