Open Hearts Art Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,028,762 | 724,449 | 304,313 | 10.7 | 79% |
| 2021 | 891,931 | 807,351 | 84,580 | 10.9 | 74% |
| 2022 | 878,517 | 850,141 | 28,376 | 10.7 | 73% |
In its most recent public year (2022), this organization brought in $28,376 more than it spent. Its reserves stood at about 10.7 months of spending. Staff pay was 73% 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 2022. 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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