Sea Of Hope Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 79,389 | 64,016 | 15,373 | 6.7 | — |
| 2020 | 73,763 | 56,907 | 16,856 | 11.1 | — |
| 2021 | 129,272 | 90,925 | 38,347 | 12.0 | — |
| 2022 | 207,510 | 184,574 | 22,936 | 7.4 | 31% |
| 2023 | 127,102 | 142,996 | −15,894 | 8.2 | — |
In its most recent public year (2023), this organization spent $15,894 more than it brought in. Its reserves stood at about 8.2 months of spending, up from 6.7 in 2019.
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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