Operating record

The Hope For Families Center Inc

Vero Beach, FL · EIN 59-3129752 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$1,367,890$997,557$370,33333.552%
2021$1,342,152$1,016,830$325,32236.856%
2022$1,540,715$1,134,310$406,40537.649%
2023$4,269,277$1,246,809$3,022,46863.848%

In its most recent public year (2023), this organization brought in $3,022,468 more than it spent. Its reserves stood at about 63.8 months of spending, up from 33.5 in 2020. Staff pay was 48% of spending. $3,790,543 of its net assets are donor-restricted.

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 ↗