Generous Heart Community Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 126,491 | 326,267 | −199,776 | -7.4 | 18% |
| 2023 | 934,673 | 2,902,588 | −1,967,915 | -9.0 | 31% |
In its most recent public year (2023), this organization spent $1,967,915 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9 months), down from -7.4 in 2022. Staff pay was 31% 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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