Heart Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 1,676,903 | 1,411,384 | 265,519 | 2.2 | 0% |
| 2019 | 1,309,870 | 1,446,366 | −136,496 | 1.0 | 0% |
| 2020 | 3,696,331 | 1,417,140 | 2,279,191 | 20.3 | 0% |
| 2021 | 674,150 | 1,319,290 | −645,140 | 15.9 | 0% |
| 2022 | 3,129,053 | 2,464,025 | 665,028 | 11.8 | 0% |
| 2023 | 1,147,740 | 2,466,588 | −1,318,848 | 5.3 | 0% |
In its most recent public year (2023), this organization spent $1,318,848 more than it brought in. Its reserves stood at about 5.3 months of spending. Staff pay was 0% 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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