Heritage Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,291,644 | 1,926,116 | 365,528 | 5.3 | 52% |
| 2022 | 2,366,641 | 2,052,382 | 314,259 | 4.6 | 57% |
| 2023 | 2,449,073 | 2,742,248 | −293,175 | 2.2 | 41% |
| 2024 | 2,516,080 | 2,152,215 | 363,865 | 4.8 | 54% |
In its most recent public year (2024), this organization brought in $363,865 more than it spent. Its reserves stood at about 4.8 months of spending. Staff pay was 54% 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 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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