Project Heritage Of Greater Miami Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 415,821 | 55,209 | 360,612 | 94.9 | 0% |
| 2022 | 175,976 | 157,777 | 18,199 | 34.6 | 43% |
| 2023 | 138,997 | 144,449 | −5,452 | 37.3 | 46% |
In its most recent public year (2023), this organization spent $5,452 more than it brought in. Its reserves stood at about 37.3 months of spending, down from 94.9 in 2021. Staff pay was 46% 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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