Galax Hope House Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 81,306 | 47,150 | 34,156 | 11.3 | — |
| 2014 | 77,915 | 57,591 | 20,324 | 13.5 | — |
| 2015 | 90,302 | 62,917 | 27,385 | 17.5 | — |
| 2016 | 78,771 | 70,548 | 8,223 | 17.0 | — |
| 2017 | 67,268 | 72,873 | −5,605 | 15.6 | — |
| 2018 | 54,327 | 72,992 | −18,665 | 12.5 | — |
| 2019 | 87,535 | 71,870 | 15,665 | 15.3 | — |
| 2020 | 62,985 | 73,412 | −10,427 | 13.9 | — |
| 2021 | 110,428 | 75,071 | 35,357 | 19.2 | — |
| 2022 | 87,436 | 93,567 | −6,131 | 14.6 | — |
| 2023 | 84,238 | 93,027 | −8,789 | 13.6 | — |
In its most recent public year (2023), this organization spent $8,789 more than it brought in. Its reserves stood at about 13.6 months of spending, up from 11.3 in 2013.
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
Galax Hope House Ministries Inc'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