New Hearts House Of Prayer
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 45,097 | 41,593 | 3,504 | 5.6 | — |
| 2022 | 29,628 | 40,767 | −11,139 | 2.4 | — |
| 2023 | 43,464 | 53,102 | −9,638 | 2.2 | — |
In its most recent public year (2023), this organization spent $9,638 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 5.6 in 2021.
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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