Heart Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 13,944 | 11,256 | 2,688 | 14.0 | — |
| 2014 | 31,743 | 9,502 | 22,241 | 39.4 | — |
| 2015 | 54,512 | 15,302 | 39,210 | 55.2 | 0% |
| 2016 | 206,346 | 259,944 | −53,598 | 0.8 | 0% |
| 2017 | 244,497 | 240,664 | 3,833 | 1.0 | 0% |
| 2018 | 333,953 | 308,821 | 25,132 | 1.8 | 0% |
| 2019 | 977,525 | 669,186 | 308,339 | 6.3 | 0% |
| 2020 | 617,766 | 709,941 | −92,175 | 4.4 | 2% |
| 2021 | 867,774 | 723,078 | 144,696 | 6.7 | 2% |
| 2022 | 1,120,202 | 1,021,436 | 98,766 | 5.9 | 0% |
| 2023 | 1,111,847 | 1,025,493 | 86,354 | 7.0 | 5% |
In its most recent public year (2023), this organization brought in $86,354 more than it spent. Its reserves stood at about 7 months of spending, down from 14 in 2013. Staff pay was 5% 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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