Hope Academy Of Milford Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,464,130 | 6,318,881 | −854,751 | 5.0 | 59% |
| 2021 | 7,587,609 | 6,579,601 | 1,008,008 | 6.7 | 57% |
| 2022 | 5,834,624 | 6,490,044 | −655,420 | 5.5 | 59% |
| 2023 | 7,077,353 | 7,130,955 | −53,602 | 4.9 | 58% |
In its most recent public year (2023), this organization spent $53,602 more than it brought in. Its reserves stood at about 4.9 months of spending. Staff pay was 58% 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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