Heat Exchange Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 244,869 | 249,666 | −4,797 | 11.2 | 0% |
| 2012 | 296,559 | 306,005 | −9,446 | 8.8 | 0% |
| 2013 | 288,385 | 267,741 | 20,644 | 11.0 | 0% |
| 2014 | 262,321 | 276,482 | −14,161 | 10.0 | 0% |
| 2015 | 281,966 | 261,419 | 20,547 | 11.5 | 0% |
| 2016 | 264,174 | 290,080 | −25,906 | 9.3 | 0% |
| 2017 | 272,294 | 279,770 | −7,476 | 9.3 | 0% |
| 2018 | 265,339 | 233,967 | 31,372 | 12.8 | 0% |
| 2019 | 242,505 | 242,159 | 346 | 12.0 | 0% |
| 2020 | 188,671 | 182,633 | 6,038 | 15.7 | 0% |
| 2021 | 181,282 | 221,422 | −40,140 | 9.7 | 0% |
| 2022 | 184,332 | 233,690 | −49,358 | 6.5 | 0% |
| 2023 | 190,731 | 204,585 | −13,854 | 5.7 | 0% |
In its most recent public year (2023), this organization spent $13,854 more than it brought in. Its reserves stood at about 5.7 months of spending, down from 11.2 in 2011. 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
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