Hebron Academy Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 17,313,678 | 16,593,479 | 720,199 | 29.0 | 27% |
| 2021 | 19,279,313 | 15,897,620 | 3,381,693 | 35.9 | 26% |
| 2022 | 17,448,783 | 18,511,391 | −1,062,608 | 27.5 | 25% |
| 2023 | 13,185,513 | 16,759,219 | −3,573,706 | 31.0 | 27% |
In its most recent public year (2023), this organization spent $3,573,706 more than it brought in. Its reserves stood at about 31 months of spending, up from 29 in 2020. Staff pay was 27% of spending. $34,243,191 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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