Open Hearts Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 21,272 | 20,976 | 296 | 0.2 | — |
| 2016 | 242,677 | 238,708 | 3,969 | 0.2 | 0% |
| 2017 | 414,088 | 362,408 | 51,680 | 1.9 | 0% |
| 2018 | 292,509 | 308,138 | −15,629 | 1.6 | 0% |
| 2019 | 354,860 | 370,400 | −15,540 | 0.8 | 0% |
| 2020 | 325,807 | 272,465 | 53,342 | 3.4 | 0% |
| 2021 | 319,950 | 309,749 | 10,201 | 3.4 | 0% |
| 2022 | 319,618 | 350,107 | −30,489 | 2.0 | 0% |
| 2023 | 377,949 | 419,274 | −41,325 | 0.5 | 0% |
In its most recent public year (2023), this organization spent $41,325 more than it brought in. Its reserves stood at about 0.5 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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