Hope Choice Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,943,830 | 1,573,754 | 370,076 | 25.9 | 55% |
| 2021 | 2,085,861 | 1,598,407 | 487,454 | 29.2 | 57% |
| 2022 | 2,420,989 | 1,747,353 | 673,636 | 31.3 | 53% |
| 2023 | 2,130,948 | 1,891,794 | 239,154 | 30.3 | 51% |
In its most recent public year (2023), this organization brought in $239,154 more than it spent. Its reserves stood at about 30.3 months of spending, up from 25.9 in 2020. Staff pay was 51% of spending. $207,268 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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