Heartland Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,573,631 | 5,204,877 | −631,246 | -0.4 | 34% |
| 2012 | 5,329,115 | 5,444,312 | −115,197 | -0.6 | 34% |
| 2013 | 4,783,310 | 4,422,355 | 360,955 | 0.2 | 32% |
| 2014 | 6,738,428 | 4,393,358 | 2,345,070 | 6.6 | 30% |
| 2015 | 4,398,175 | 5,770,366 | −1,372,191 | 2.2 | 28% |
| 2016 | 5,480,656 | 5,524,414 | −43,758 | 2.2 | 36% |
| 2017 | 5,994,969 | 5,471,048 | 523,921 | 3.4 | 38% |
| 2018 | 5,848,674 | 4,998,562 | 850,112 | 5.7 | 44% |
| 2019 | 4,561,986 | 5,529,763 | −967,777 | 3.1 | 41% |
| 2020 | 3,779,901 | 3,593,087 | 186,814 | 5.4 | 48% |
| 2021 | 4,106,509 | 4,159,416 | −52,907 | 4.5 | 42% |
| 2022 | 3,852,132 | 4,309,935 | −457,803 | 3.1 | 48% |
| 2023 | 4,084,944 | 4,061,261 | 23,683 | 3.1 | 52% |
In its most recent public year (2023), this organization brought in $23,683 more than it spent. Its reserves stood at about 3.1 months of spending, up from -0.4 in 2011. Staff pay was 52% 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
Heartland Institute's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works