Heritage Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 458,739 | 335,522 | 123,217 | 21.3 | 62% |
| 2021 | 403,979 | 400,715 | 3,264 | 17.1 | 61% |
| 2022 | 511,168 | 421,193 | 89,975 | 19.0 | 65% |
| 2023 | 644,051 | 508,354 | 135,697 | 18.9 | 61% |
| 2024 | 476,753 | 492,073 | −15,320 | 19.2 | 66% |
In its most recent public year (2024), this organization spent $15,320 more than it brought in. Its reserves stood at about 19.2 months of spending, down from 21.3 in 2020. Staff pay was 66% 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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