Hope For More Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 137,859 | 134,810 | 3,049 | 1.5 | — |
| 2021 | 179,412 | 117,182 | 62,230 | 8.2 | — |
| 2022 | 292,304 | 348,209 | −55,905 | 0.8 | 0% |
| 2023 | 577,781 | 568,811 | 8,970 | 0.7 | 2% |
In its most recent public year (2023), this organization brought in $8,970 more than it spent. Its reserves stood at about 0.7 months of spending. Staff pay was 2% 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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