Heart Of The City
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 55,675 | 2,583 | 53,092 | 246.7 | — |
| 2020 | 1,011,159 | 781,871 | 229,288 | 4.3 | 6% |
| 2021 | 1,238,667 | 1,105,255 | 133,412 | 4.5 | 12% |
| 2022 | 3,074,958 | 3,016,782 | 58,176 | 1.9 | 6% |
| 2023 | 4,435,350 | 4,139,769 | 295,581 | 2.2 | 6% |
In its most recent public year (2023), this organization brought in $295,581 more than it spent. Its reserves stood at about 2.2 months of spending, down from 246.7 in 2019. Staff pay was 6% 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
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