Bags Of Hope
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 464,290 | 326,017 | 138,273 | 11.2 | 0% |
| 2021 | 435,897 | 281,365 | 154,532 | 19.7 | 4% |
| 2022 | 477,440 | 410,709 | 66,731 | 15.4 | 8% |
| 2023 | 541,481 | 587,104 | −45,623 | 9.2 | 10% |
In its most recent public year (2023), this organization spent $45,623 more than it brought in. Its reserves stood at about 9.2 months of spending, down from 11.2 in 2020. Staff pay was 10% 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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