Connecting Hearts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 62,639 | 58,359 | 4,280 | 3.7 | — |
| 2021 | 220,869 | 198,599 | 22,270 | 2.4 | 13% |
| 2022 | 420,731 | 436,026 | −15,295 | 0.7 | 44% |
| 2023 | 397,204 | 428,778 | −31,574 | -0.2 | 54% |
In its most recent public year (2023), this organization spent $31,574 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), down from 3.7 in 2020. Staff pay was 54% 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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