Promise Of Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 570,405 | 393,935 | 176,470 | 16.0 | 45% |
| 2012 | 391,313 | 370,865 | 20,448 | 17.6 | 43% |
| 2013 | 387,183 | 402,790 | −15,607 | 17.2 | 43% |
| 2014 | 389,788 | 396,178 | −6,390 | 17.3 | 44% |
| 2015 | 507,952 | 416,188 | 91,764 | 19.1 | 43% |
| 2016 | 531,614 | 471,176 | 60,438 | 18.4 | 48% |
| 2017 | 575,939 | 536,192 | 39,747 | 17.1 | 41% |
| 2018 | 559,636 | 580,034 | −20,398 | 15.4 | 45% |
| 2019 | 620,813 | 656,180 | −35,367 | 12.9 | 48% |
| 2020 | 637,917 | 568,867 | 69,050 | 16.4 | 49% |
| 2021 | 681,141 | 649,665 | 31,476 | 14.9 | 50% |
| 2022 | 683,947 | 666,045 | 17,902 | 14.9 | 44% |
| 2023 | 640,653 | 720,778 | −80,125 | 12.6 | 42% |
In its most recent public year (2023), this organization spent $80,125 more than it brought in. Its reserves stood at about 12.6 months of spending, down from 16 in 2011. Staff pay was 42% 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
Promise Of Hope 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