Faith Hope & Love School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 307,082 | 382,802 | −75,720 | 3.5 | 63% |
| 2022 | 541,577 | 447,641 | 93,936 | 5.5 | 61% |
| 2023 | 410,197 | 390,755 | 19,442 | 6.9 | 54% |
| 2024 | 404,175 | 422,139 | −17,964 | 5.9 | 56% |
In its most recent public year (2024), this organization spent $17,964 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 3.5 in 2021. Staff pay was 56% 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 2024. 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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