Heart Change Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 385,287 | 166,128 | 219,159 | 126.9 | 57% |
| 2021 | 1,173,229 | 240,912 | 932,317 | 140.2 | 57% |
| 2022 | 1,069,798 | 155,318 | 914,480 | 281.4 | 65% |
| 2023 | 807,006 | 274,599 | 532,407 | 180.8 | 56% |
In its most recent public year (2023), this organization brought in $532,407 more than it spent. Its reserves stood at about 180.8 months of spending, up from 126.9 in 2020. Staff pay was 56% 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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