Place Of Hope Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 55,670 | 55,419 | 251 | 2.7 | — |
| 2018 | 46,546 | 15,745 | 30,801 | 23.5 | — |
| 2019 | 937,883 | 934,083 | 3,800 | 0.4 | 48% |
| 2020 | 1,265,061 | 1,157,267 | 107,794 | 1.5 | 81% |
| 2021 | 1,320,224 | 1,369,294 | −49,070 | 0.8 | 68% |
| 2022 | 777,798 | 764,072 | 13,726 | 1.7 | 64% |
| 2023 | 473,651 | 497,022 | −23,371 | 2.0 | 53% |
In its most recent public year (2023), this organization spent $23,371 more than it brought in. Its reserves stood at about 2 months of spending. Staff pay was 53% 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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