Connected Hearts Ministry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 76,810 | 59,433 | 17,377 | 3.6 | — |
| 2015 | 149,952 | 145,384 | 4,568 | 1.8 | — |
| 2016 | 129,841 | 126,408 | 3,433 | 2.4 | — |
| 2017 | 132,603 | 119,243 | 13,360 | 3.9 | — |
| 2018 | 167,495 | 150,098 | 17,397 | 4.5 | — |
| 2019 | 279,242 | 202,740 | 76,502 | 9.3 | 24% |
| 2020 | 274,304 | 270,357 | 3,947 | 7.2 | 14% |
| 2021 | 296,013 | 256,528 | 39,485 | 9.4 | 18% |
| 2022 | 313,982 | 280,427 | 33,555 | 10.0 | 17% |
| 2023 | 285,184 | 246,157 | 39,027 | 13.3 | 19% |
In its most recent public year (2023), this organization brought in $39,027 more than it spent. Its reserves stood at about 13.3 months of spending, up from 3.6 in 2014. Staff pay was 19% 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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