Heartland Institute For Financial Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 356,890 | 370,472 | −13,582 | 1.1 | 0% |
| 2012 | 2,358,406 | 1,377,112 | 981,294 | 8.7 | 15% |
| 2013 | 1,963,289 | 1,811,734 | 151,555 | 7.8 | 30% |
| 2014 | 1,855,233 | 2,029,090 | −173,857 | 5.9 | 18% |
| 2015 | 1,500,953 | 1,875,736 | −374,783 | 4.3 | 15% |
| 2016 | 2,054,179 | 2,103,063 | −48,884 | 3.6 | 15% |
| 2017 | 1,971,964 | 2,101,325 | −129,361 | 2.8 | 32% |
| 2018 | 1,891,835 | 1,829,894 | 61,941 | 3.6 | 34% |
| 2019 | 1,829,259 | 1,639,575 | 189,684 | 5.5 | 30% |
| 2020 | 998,936 | 1,240,807 | −241,871 | 5.9 | 30% |
| 2021 | 793,728 | 957,767 | −164,039 | 7.0 | 32% |
| 2022 | 599,944 | 619,364 | −19,420 | 9.6 | 31% |
| 2023 | 402,262 | 415,492 | −13,230 | 10.9 | 18% |
In its most recent public year (2023), this organization spent $13,230 more than it brought in. Its reserves stood at about 10.9 months of spending, up from 1.1 in 2011. Staff pay was 18% of spending. $1,500 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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