New Hope Development Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 884,978 | 50,054 | 834,924 | 200.2 | 45% |
| 2020 | 3,820,008 | 967,996 | 2,852,012 | 45.7 | 49% |
| 2021 | 3,214,747 | 1,438,557 | 1,776,190 | 45.6 | 25% |
| 2022 | 1,071,566 | 1,270,525 | −198,959 | 49.7 | 35% |
| 2023 | 3,171,921 | 1,601,549 | 1,570,372 | 51.2 | 23% |
In its most recent public year (2023), this organization brought in $1,570,372 more than it spent. Its reserves stood at about 51.2 months of spending, down from 200.2 in 2019. Staff pay was 23% of spending. $7,580,120 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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