Heartspring Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 15,152,800 | 14,725,421 | 427,379 | 18.7 | 68% |
| 2013 | 15,512,910 | 15,018,186 | 494,724 | 18.7 | 67% |
| 2014 | 15,984,159 | 15,878,847 | 105,312 | 17.8 | 67% |
| 2015 | 16,651,827 | 16,775,878 | −124,051 | 16.7 | 67% |
| 2016 | 18,796,428 | 18,713,182 | 83,246 | 14.6 | 67% |
| 2017 | 21,431,662 | 19,700,245 | 1,731,417 | 14.7 | 67% |
| 2018 | 23,512,914 | 22,152,259 | 1,360,655 | 13.6 | 65% |
| 2019 | 26,680,941 | 23,671,996 | 3,008,945 | 14.1 | 68% |
| 2020 | 26,408,048 | 25,510,452 | 897,596 | 13.4 | 67% |
| 2021 | 29,928,293 | 28,408,650 | 1,519,643 | 12.9 | 67% |
| 2022 | 26,601,555 | 28,503,977 | −1,902,422 | 11.6 | 68% |
| 2023 | 25,278,515 | 26,576,095 | −1,297,580 | 12.0 | 67% |
In its most recent public year (2023), this organization spent $1,297,580 more than it brought in. Its reserves stood at about 12 months of spending, down from 18.7 in 2012. Staff pay was 67% of spending. $1,924,195 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
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