Promise Of Hope Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 243,229 | 244,287 | −1,058 | 0.0 | 0% |
| 2018 | 292,975 | 274,475 | 18,500 | 0.8 | 0% |
| 2019 | 551,564 | 495,794 | 55,770 | 1.8 | 0% |
| 2021 | 128,897 | 174,751 | −45,854 | 2.1 | — |
| 2022 | 543,943 | 511,070 | 32,873 | 1.5 | 0% |
| 2023 | 638,956 | 554,198 | 84,758 | 3.2 | 0% |
In its most recent public year (2023), this organization brought in $84,758 more than it spent. Its reserves stood at about 3.2 months of spending, up from 0 in 2017. 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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