Hands Of Praise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 64,069 | 57,376 | 6,693 | 5.8 | — |
| 2021 | 99,466 | 55,841 | 43,625 | 15.3 | — |
| 2022 | 21,375 | 58,391 | −37,016 | 7.1 | — |
| 2023 | 12,480 | 31,079 | −18,599 | 6.1 | — |
In its most recent public year (2023), this organization spent $18,599 more than it brought in. Its reserves stood at about 6.1 months 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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