Mending Hearts Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,272,001 | 2,342,626 | 929,375 | 20.2 | 43% |
| 2021 | 3,141,061 | 2,654,277 | 486,784 | 20.0 | 41% |
| 2022 | 3,809,664 | 3,220,585 | 589,079 | 18.7 | 43% |
| 2023 | 4,758,971 | 3,803,864 | 955,107 | 18.8 | 44% |
In its most recent public year (2023), this organization brought in $955,107 more than it spent. Its reserves stood at about 18.8 months of spending, down from 20.2 in 2020. Staff pay was 44% of spending. $101,858 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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