Promise Of Hope Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 202,969 | 206,305 | −3,336 | 28.0 | 39% |
| 2012 | 153,747 | 161,572 | −7,825 | 35.2 | 38% |
| 2013 | −171,979 | 86,326 | −258,305 | 30.0 | 42% |
| 2014 | 75,743 | 88,600 | −12,857 | 27.5 | 41% |
| 2015 | 59,755 | 123,566 | −63,811 | 13.5 | 38% |
| 2016 | 84,760 | 121,003 | −36,243 | 10.2 | 44% |
| 2017 | 88,987 | 133,706 | −44,719 | 5.2 | 53% |
| 2018 | 593,895 | 91,482 | 502,413 | 73.5 | 57% |
| 2019 | 193,546 | 141,020 | 52,526 | 52.2 | 36% |
| 2020 | 170,971 | 119,600 | 51,371 | 66.6 | 43% |
| 2021 | 122,229 | 182,860 | −60,631 | 38.3 | 31% |
| 2022 | 120,616 | 205,426 | −84,810 | 29.1 | 25% |
| 2023 | 157,500 | 234,859 | −77,359 | 21.1 | 14% |
In its most recent public year (2023), this organization spent $77,359 more than it brought in. Its reserves stood at about 21.1 months of spending, down from 28 in 2011. Staff pay was 14% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works