Heart Of America Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 5,093,595 | 5,002,050 | 91,545 | 1.6 | 25% |
| 2011 | 7,035,341 | 6,876,436 | 158,905 | 1.5 | 23% |
| 2012 | 7,730,457 | 6,596,415 | 1,134,042 | 3.6 | 25% |
| 2013 | 5,913,095 | 6,927,383 | −1,014,288 | 1.7 | 25% |
| 2014 | 6,543,236 | 6,804,830 | −261,594 | 1.2 | 24% |
| 2015 | 3,036,237 | 3,048,791 | −12,554 | 2.7 | 35% |
| 2016 | 4,887,054 | 3,046,615 | 1,840,439 | 10.0 | 31% |
| 2017 | 3,573,376 | 3,862,140 | −288,764 | 7.0 | 28% |
| 2018 | 5,270,890 | 4,009,597 | 1,261,293 | 10.5 | 26% |
| 2019 | 3,824,763 | 6,105,781 | −2,281,018 | 2.4 | 22% |
| 2020 | 9,148,332 | 8,316,897 | 831,435 | 3.0 | 25% |
| 2021 | 13,311,439 | 11,771,440 | 1,539,999 | 3.7 | 22% |
| 2022 | 15,349,861 | 14,502,679 | 847,182 | 3.6 | 22% |
| 2023 | 15,517,475 | 14,151,541 | 1,365,934 | 4.9 | 23% |
In its most recent public year (2023), this organization brought in $1,365,934 more than it spent. Its reserves stood at about 4.9 months of spending, up from 1.6 in 2010. Staff pay was 23% of spending. $1,270,876 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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