New Heart Music Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 645,401 | 482,866 | 162,535 | 23.6 | 43% |
| 2011 | 625,154 | 547,201 | 77,953 | 22.5 | 44% |
| 2012 | 674,776 | 555,453 | 119,323 | 24.8 | 52% |
| 2013 | 553,715 | 541,750 | 11,965 | 25.7 | 52% |
| 2014 | 620,680 | 499,800 | 120,880 | 30.7 | 52% |
| 2015 | 548,440 | 488,058 | 60,382 | 33.0 | 34% |
| 2016 | 572,382 | 524,331 | 48,051 | 31.8 | 21% |
| 2017 | 685,390 | 611,427 | 73,963 | 28.7 | 57% |
| 2018 | 624,762 | 602,123 | 22,639 | 29.6 | 63% |
| 2019 | 631,884 | 632,195 | −311 | 28.2 | 59% |
| 2020 | 554,833 | 543,835 | 10,998 | 33.0 | 64% |
| 2021 | 852,912 | 412,735 | 440,177 | 56.3 | 58% |
| 2022 | 690,957 | 634,564 | 56,393 | 37.7 | 59% |
| 2023 | 707,311 | 728,674 | −21,363 | 32.5 | 57% |
In its most recent public year (2023), this organization spent $21,363 more than it brought in. Its reserves stood at about 32.5 months of spending, up from 23.6 in 2010. Staff pay was 57% 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
New Heart Music Ministries's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works