Heart Of Texas Foundation College Of Ministry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 107,704 | 63,357 | 44,347 | 17.4 | — |
| 2011 | 138,422 | 121,782 | 16,640 | 10.7 | 51% |
| 2012 | 314,580 | 185,109 | 129,471 | 15.4 | 47% |
| 2013 | 493,945 | 362,236 | 131,709 | 12.3 | 36% |
| 2014 | 1,171,956 | 603,467 | 568,489 | 18.7 | 13% |
| 2015 | 1,629,403 | 501,362 | 1,128,041 | 49.3 | 31% |
| 2016 | 1,227,753 | 809,020 | 418,733 | 36.7 | 8% |
| 2017 | 755,625 | 2,268,892 | −1,513,267 | 5.1 | 8% |
| 2018 | 907,975 | 691,609 | 216,366 | 20.0 | 18% |
| 2019 | 1,126,998 | 645,027 | 481,971 | 30.4 | 28% |
| 2020 | 619,619 | 546,541 | 73,078 | 37.5 | 34% |
| 2021 | 879,782 | 767,877 | 111,905 | 28.4 | 38% |
| 2022 | 868,070 | 703,833 | 164,237 | 33.8 | 49% |
| 2023 | 857,900 | 648,834 | 209,066 | 40.6 | 37% |
In its most recent public year (2023), this organization brought in $209,066 more than it spent. Its reserves stood at about 40.6 months of spending, up from 17.4 in 2010. Staff pay was 37% of spending. $341,485 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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