Heritage Christian University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,789,399 | 3,097,420 | −308,021 | 35.0 | 39% |
| 2013 | 3,761,893 | 3,063,112 | 698,781 | 38.0 | 41% |
| 2014 | 4,709,593 | 3,174,532 | 1,535,061 | 42.3 | 40% |
| 2015 | 3,857,135 | 3,261,639 | 595,496 | 43.1 | 40% |
| 2016 | 3,178,056 | 3,237,617 | −59,561 | 43.0 | 40% |
| 2017 | 4,331,644 | 3,274,026 | 1,057,618 | 46.9 | 41% |
| 2018 | 4,126,618 | 3,390,414 | 736,204 | 47.7 | 42% |
| 2019 | 6,481,501 | 3,588,767 | 2,892,734 | 54.5 | 41% |
| 2020 | 4,520,084 | 3,646,758 | 873,326 | 56.5 | 41% |
| 2021 | 7,233,796 | 3,728,743 | 3,505,053 | 67.1 | 43% |
| 2022 | 3,740,452 | 4,073,541 | −333,089 | 60.7 | 43% |
| 2023 | 5,787,108 | 4,525,134 | 1,261,974 | 58.0 | 40% |
| 2024 | 10,598,724 | 4,458,374 | 6,140,350 | 75.4 | 43% |
In its most recent public year (2024), this organization brought in $6,140,350 more than it spent. Its reserves stood at about 75.4 months of spending, up from 35 in 2012. Staff pay was 43% of spending. $21,602,826 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 2024. 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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