Hope Cottage Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,084,258 | 2,016,632 | 67,626 | 55.0 | 53% |
| 2021 | 1,826,021 | 2,049,586 | −223,565 | 55.9 | 55% |
| 2022 | 1,632,610 | 1,826,010 | −193,400 | 54.8 | 58% |
| 2023 | 3,477,323 | 1,966,034 | 1,511,289 | 62.4 | 56% |
In its most recent public year (2023), this organization brought in $1,511,289 more than it spent. Its reserves stood at about 62.4 months of spending, up from 55 in 2020. Staff pay was 56% of spending. $3,033,620 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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