Power Of Hope Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 434,598 | 409,376 | 25,222 | 0.7 | 0% |
| 2018 | 483,183 | 5,142 | 478,041 | 1174.5 | 0% |
| 2019 | 319,324 | 819,795 | −500,471 | 0.0 | 0% |
| 2020 | 420,748 | 408,439 | 12,309 | 0.4 | 0% |
| 2021 | 538,196 | 472,498 | 65,698 | 2.1 | 0% |
| 2022 | 425,070 | 9,809 | 415,261 | 606.9 | 0% |
| 2023 | 213,930 | 686,347 | −472,417 | 0.4 | 0% |
In its most recent public year (2023), this organization spent $472,417 more than it brought in. Its reserves stood at about 0.4 months of spending. Staff pay was 0% 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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