Second Heart Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 9,680 | 896 | 8,784 | 117.4 | — |
| 2020 | 315,883 | 184,528 | 131,355 | 9.1 | 34% |
| 2021 | 1,159,715 | 333,245 | 826,470 | 34.9 | 36% |
| 2022 | 1,321,310 | 619,430 | 701,880 | 32.4 | 40% |
| 2023 | 1,893,085 | 863,929 | 1,029,156 | 37.8 | 38% |
In its most recent public year (2023), this organization brought in $1,029,156 more than it spent. Its reserves stood at about 37.8 months of spending, down from 117.4 in 2019. Staff pay was 38% of spending. $69,125 of its net assets are donor-restricted.
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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