Local Hearts Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 157,305 | 124,419 | 32,886 | 4.1 | — |
| 2021 | 90,197 | 101,585 | −11,388 | 3.7 | — |
| 2022 | 150,011 | 131,000 | 19,011 | 4.6 | — |
| 2023 | 106,539 | 105,554 | 985 | 5.8 | — |
In its most recent public year (2023), this organization brought in $985 more than it spent. Its reserves stood at about 5.8 months of spending, up from 4.1 in 2020.
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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