Hope Is Rising Lake County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 894,158 | 392,377 | 501,781 | 15.3 | 13% |
| 2022 | 648,041 | 921,972 | −273,931 | 5.3 | 44% |
| 2023 | 346,688 | 570,490 | −223,802 | 3.9 | 35% |
In its most recent public year (2023), this organization spent $223,802 more than it brought in. Its reserves stood at about 3.9 months of spending, down from 15.3 in 2020. Staff pay was 35% 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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