Hope Renovations
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 587,895 | 485,230 | 102,665 | 3.4 | 46% |
| 2021 | 351,606 | 354,193 | −2,587 | 4.6 | 53% |
| 2022 | 1,020,497 | 1,039,072 | −18,575 | 1.4 | 50% |
| 2023 | 1,896,731 | 1,400,275 | 496,456 | 5.3 | 54% |
In its most recent public year (2023), this organization brought in $496,456 more than it spent. Its reserves stood at about 5.3 months of spending, up from 3.4 in 2020. Staff pay was 54% 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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