New Hope Charities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,566,401 | 1,764,305 | −197,904 | 15.3 | 40% |
| 2011 | 1,670,770 | 1,689,611 | −18,841 | 15.9 | 44% |
| 2012 | 1,769,065 | 1,767,702 | 1,363 | 15.2 | 44% |
| 2013 | 3,488,278 | 1,678,864 | 1,809,414 | 28.9 | 46% |
| 2014 | 1,840,280 | 1,905,323 | −65,043 | 25.1 | 43% |
| 2015 | 3,854,976 | 2,171,486 | 1,683,490 | 31.3 | 40% |
| 2016 | 2,492,869 | 1,924,386 | 568,483 | 38.9 | 49% |
| 2017 | 1,869,603 | 2,145,381 | −275,778 | 33.3 | 44% |
| 2018 | 1,963,462 | 2,027,740 | −64,278 | 34.9 | 49% |
| 2019 | 1,574,547 | 1,875,890 | −301,343 | 35.8 | 53% |
| 2020 | 1,312,608 | 1,712,467 | −399,859 | 36.4 | 59% |
| 2021 | 1,396,143 | 1,661,847 | −265,704 | 35.6 | 60% |
| 2022 | 1,301,641 | 1,730,901 | −429,260 | 31.2 | 63% |
| 2023 | 1,484,289 | 1,781,654 | −297,365 | 28.3 | 65% |
In its most recent public year (2023), this organization spent $297,365 more than it brought in. Its reserves stood at about 28.3 months of spending, up from 15.3 in 2010. Staff pay was 65% of spending. $72,519 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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