New Hope Colony Foundation For The Arts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 220,001 | 11,658 | 208,343 | 214.5 | 0% |
| 2021 | 89,514 | 115,868 | −26,354 | 16.8 | — |
| 2022 | 37,846 | 101,343 | −63,497 | 11.7 | — |
In its most recent public year (2022), this organization spent $63,497 more than it brought in. Its reserves stood at about 11.7 months of spending, down from 214.5 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 2022. 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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