Heart Of America Tax Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 45,905 | 45,464 | 441 | 17.6 | — |
| 2020 | 39,010 | 15,772 | 23,238 | 68.4 | — |
| 2022 | 54,310 | 39,985 | 14,325 | 37.8 | — |
| 2023 | 53,740 | 97,337 | −43,597 | 10.2 | — |
In its most recent public year (2023), this organization spent $43,597 more than it brought in. Its reserves stood at about 10.2 months of spending, down from 17.6 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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