Herald Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 813,011 | 858,942 | −45,931 | -1.0 | 51% |
| 2013 | 801,133 | 801,689 | −556 | -1.1 | 49% |
| 2014 | 895,596 | 852,642 | 42,954 | -0.4 | 46% |
| 2015 | 723,727 | 749,738 | −26,011 | -0.8 | 52% |
| 2016 | 587,008 | 598,932 | −11,924 | -1.3 | 59% |
| 2017 | 610,997 | 563,981 | 47,016 | -0.4 | 63% |
| 2018 | 617,431 | 659,493 | −42,062 | -1.1 | 49% |
| 2019 | 526,573 | 585,787 | −59,214 | -2.5 | 55% |
| 2020 | 421,371 | 404,633 | 16,738 | -3.4 | 56% |
| 2021 | 3,504 | 2,938 | 566 | -463.9 | — |
| 2022 | 105,724 | 5,198 | 100,526 | -30.1 | — |
In its most recent public year (2022), this organization brought in $100,526 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-30.1 months), down from -1 in 2012.
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 2022. 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
Herald Education Inc's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works