New Heart Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 83,453 | 68,643 | 14,810 | 14.3 | — |
| 2020 | 87,033 | 66,405 | 20,628 | 18.5 | — |
| 2021 | 120,869 | 85,548 | 35,321 | 19.3 | — |
| 2022 | 148,766 | 92,386 | 56,380 | 25.2 | — |
| 2023 | 188,899 | 173,991 | 14,908 | 19.5 | — |
In its most recent public year (2023), this organization brought in $14,908 more than it spent. Its reserves stood at about 19.5 months of spending, up from 14.3 in 2019.
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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