Hope Of Africa Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 192,484 | 123,150 | 69,334 | 18.4 | — |
| 2020 | 167,797 | 217,023 | −49,226 | 7.7 | — |
| 2021 | 310,507 | 301,876 | 8,631 | 5.8 | 32% |
| 2022 | 326,403 | 343,651 | −17,248 | 4.5 | 31% |
| 2023 | 573,014 | 503,524 | 69,490 | 4.7 | 19% |
In its most recent public year (2023), this organization brought in $69,490 more than it spent. Its reserves stood at about 4.7 months of spending, down from 18.4 in 2019. Staff pay was 19% 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
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