Open Hearts Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 319,460 | 335,311 | −15,851 | -0.3 | 19% |
| 2012 | 500,269 | 438,754 | 61,515 | 1.5 | 10% |
| 2013 | 518,031 | 499,341 | 18,690 | 1.8 | 5% |
| 2014 | 308,024 | 367,303 | −59,279 | 0.4 | 41% |
| 2015 | 223,791 | 147,873 | 75,918 | 7.2 | 54% |
| 2016 | 204,669 | 104,173 | 100,496 | 21.8 | 30% |
| 2017 | 411,771 | 419,916 | −8,145 | 5.2 | 2% |
| 2018 | 533,803 | 369,672 | 164,131 | 11.2 | 0% |
| 2019 | 458,493 | 394,625 | 63,868 | 12.0 | 5% |
| 2020 | 530,248 | 543,321 | −13,073 | 8.4 | 18% |
| 2021 | 373,217 | 324,004 | 49,213 | 16.0 | 30% |
| 2022 | 424,897 | 383,562 | 41,335 | 14.8 | 28% |
| 2023 | 545,068 | 456,087 | 88,981 | 14.8 | 30% |
In its most recent public year (2023), this organization brought in $88,981 more than it spent. Its reserves stood at about 14.8 months of spending, up from -0.3 in 2011. Staff pay was 30% of spending. $3,366 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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