North Carolina Heroes Fund Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 60,253 | 52,802 | 7,451 | 5.0 | — |
| 2020 | 49,681 | 40,446 | 9,235 | 8.6 | — |
| 2021 | 96,633 | 54,472 | 42,161 | 15.9 | — |
| 2022 | 90,539 | 88,350 | 2,189 | 10.1 | — |
| 2023 | 71,464 | 92,328 | −20,864 | 6.9 | — |
In its most recent public year (2023), this organization spent $20,864 more than it brought in. Its reserves stood at about 6.9 months of spending, up from 5 in 2019.
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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