New Hope Of Florence Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 104,787 | 113,274 | −8,487 | -41.4 | — |
| 2021 | 112,459 | 119,827 | −7,368 | -39.9 | — |
| 2022 | 120,579 | 151,247 | −30,668 | -34.1 | — |
| 2023 | 125,281 | 125,179 | 102 | -41.1 | — |
In its most recent public year (2023), this organization brought in $102 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-41.1 months).
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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