Heart Of The City Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 101,843 | 100,214 | 1,629 | 0.7 | — |
| 2016 | 113,824 | 98,290 | 15,534 | 2.6 | — |
| 2017 | 98,222 | 77,733 | 20,489 | 6.5 | — |
| 2018 | 112,579 | 114,999 | −2,420 | 4.1 | — |
| 2019 | 95,894 | 122,917 | −27,023 | 1.2 | — |
| 2020 | 29,092 | 1,380 | 27,712 | 348.5 | — |
| 2021 | 182,901 | 23,250 | 159,651 | 103.1 | — |
| 2022 | 108,636 | 119,699 | −11,063 | 18.9 | — |
| 2023 | 37,006 | 197,639 | −160,633 | 1.7 | — |
In its most recent public year (2023), this organization spent $160,633 more than it brought in. Its reserves stood at about 1.7 months 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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