The Heritage Singers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 71,927 | 33,140 | 38,787 | 39.1 | — |
| 2021 | 1,117 | 2,516 | −1,399 | 508.5 | — |
| 2022 | 28,925 | 35,312 | −6,387 | 34.1 | — |
| 2023 | 65,667 | 56,628 | 9,039 | 23.2 | — |
In its most recent public year (2023), this organization brought in $9,039 more than it spent. Its reserves stood at about 23.2 months of spending, down from 39.1 in 2020.
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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