Hope Communities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,948,621 | 2,484,777 | 463,844 | 31.7 | 52% |
| 2021 | 4,356,175 | 2,822,143 | 1,534,032 | 34.7 | 51% |
| 2022 | 4,216,894 | 4,896,663 | −679,769 | 19.6 | 35% |
| 2023 | 4,617,030 | 5,601,408 | −984,378 | 15.1 | 36% |
In its most recent public year (2023), this organization spent $984,378 more than it brought in. Its reserves stood at about 15.1 months of spending, down from 31.7 in 2020. Staff pay was 36% of spending. $1,045,627 of its net assets are donor-restricted.
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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