Hope Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 975,600 | 119,225 | 856,375 | 88.7 | 0% |
| 2022 | 1,059,834 | 156,343 | 903,491 | 140.8 | 0% |
| 2023 | 26,829 | 173,755 | −146,926 | 138.9 | 0% |
In its most recent public year (2023), this organization spent $146,926 more than it brought in. Its reserves stood at about 138.9 months of spending, up from 88.7 in 2021. Staff pay was 0% 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
Hope Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works