Heartland Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,362,748 | 3,062,675 | 1,300,073 | 85.0 | 24% |
| 2012 | 4,993,756 | 2,765,811 | 2,227,945 | 103.1 | 25% |
| 2013 | 3,044,225 | 3,021,287 | 22,938 | 97.2 | 21% |
| 2014 | 2,696,531 | 2,735,620 | −39,089 | 114.5 | 21% |
| 2015 | 2,946,537 | 2,002,167 | 944,370 | 156.7 | 30% |
| 2016 | 2,857,676 | 1,982,183 | 875,493 | 158.1 | 31% |
| 2017 | 2,240,388 | 2,331,533 | −91,145 | 139.2 | 34% |
| 2018 | 2,676,324 | 2,429,518 | 246,806 | 134.3 | 30% |
| 2019 | 4,408,433 | 2,537,579 | 1,870,854 | 133.7 | 30% |
| 2020 | 5,169,314 | 3,368,840 | 1,800,474 | 108.2 | 31% |
| 2021 | 5,374,582 | 2,575,321 | 2,799,261 | 178.6 | 43% |
| 2022 | 5,777,866 | 3,515,962 | 2,261,904 | 110.5 | 33% |
| 2023 | 9,650,520 | 5,476,592 | 4,173,928 | 83.6 | 22% |
In its most recent public year (2023), this organization brought in $4,173,928 more than it spent. Its reserves stood at about 83.6 months of spending, down from 85 in 2011. Staff pay was 22% of spending. $25,874,305 of its net assets are donor-restricted.
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 Foundation'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