The Mended Hearts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,177,395 | 1,643,863 | 533,532 | 9.8 | 25% |
| 2021 | 2,082,676 | 1,644,518 | 438,158 | 13.0 | 24% |
| 2022 | 2,019,741 | 2,701,689 | −681,948 | 4.9 | 19% |
In its most recent public year (2022), this organization spent $681,948 more than it brought in. Its reserves stood at about 4.9 months of spending, down from 9.8 in 2020. Staff pay was 19% of spending. $29,000 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 2022. 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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