Hope For Children Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 115,806 | 115,539 | 267 | 0.6 | — |
| 2020 | 100,566 | 81,179 | 19,387 | 3.7 | — |
| 2021 | 244,013 | 234,379 | 9,634 | 1.8 | 0% |
| 2022 | 246,295 | 254,121 | −7,826 | 1.3 | 0% |
| 2023 | 301,536 | 267,334 | 34,202 | 2.8 | 0% |
In its most recent public year (2023), this organization brought in $34,202 more than it spent. Its reserves stood at about 2.8 months of spending, up from 0.6 in 2019. Staff pay was 0% of spending. $2,000 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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