Hope Ignites Colorado
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 785,919 | 703,449 | 82,470 | 25.4 | 58% |
| 2022 | 811,345 | 803,985 | 7,360 | 21.5 | 54% |
| 2023 | 895,633 | 853,191 | 42,442 | 21.0 | 53% |
In its most recent public year (2023), this organization brought in $42,442 more than it spent. Its reserves stood at about 21 months of spending, down from 25.4 in 2021. Staff pay was 53% of spending. $340,923 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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