Converse Hope Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 265,516 | 304,980 | −39,464 | 1.7 | 60% |
| 2019 | 360,221 | 334,741 | 25,480 | 2.4 | 50% |
| 2020 | 349,388 | 318,641 | 30,747 | 3.7 | 61% |
| 2021 | 449,237 | 357,658 | 91,579 | 6.4 | 53% |
| 2022 | 401,954 | 310,957 | 90,997 | 10.9 | 66% |
| 2023 | 293,112 | 307,335 | −14,223 | 10.4 | 73% |
In its most recent public year (2023), this organization spent $14,223 more than it brought in. Its reserves stood at about 10.4 months of spending, up from 1.7 in 2018. Staff pay was 73% 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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