Heart Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 636,292 | 657,136 | −20,844 | 24.1 | 66% |
| 2021 | 857,889 | 772,806 | 85,083 | 21.8 | 59% |
| 2022 | 974,183 | 962,528 | 11,655 | 17.8 | 59% |
| 2023 | 888,691 | 915,943 | −27,252 | 18.3 | 66% |
In its most recent public year (2023), this organization spent $27,252 more than it brought in. Its reserves stood at about 18.3 months of spending, down from 24.1 in 2020. Staff pay was 66% 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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