New Hope Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,424,807 | 2,883,059 | 541,748 | 11.8 | 43% |
| 2012 | 3,092,051 | 3,047,895 | 44,156 | 11.4 | 41% |
| 2013 | 4,133,251 | 3,326,964 | 806,287 | 9.0 | 39% |
| 2015 | 4,086,075 | 3,526,597 | 559,478 | 12.8 | 41% |
| 2016 | 4,003,660 | 4,164,519 | −160,859 | 10.3 | 38% |
| 2017 | 3,373,975 | 3,815,464 | −441,489 | 9.9 | 41% |
| 2018 | 3,540,573 | 4,046,203 | −505,630 | 7.8 | 3% |
| 2020 | 4,680,346 | 4,279,404 | 400,942 | 7.8 | 43% |
| 2021 | 4,690,606 | 4,716,013 | −25,407 | 7.0 | 36% |
| 2022 | 5,778,572 | 4,418,492 | 1,360,080 | 11.6 | 39% |
| 2023 | 5,200,314 | 4,733,958 | 466,356 | 12.1 | 40% |
In its most recent public year (2023), this organization brought in $466,356 more than it spent. Its reserves stood at about 12.1 months of spending. Staff pay was 40% of spending. $1,893,876 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
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