Heritage Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,120,189 | 992,077 | 128,112 | -2.4 | 9% |
| 2017 | 3,271,825 | 3,178,627 | 93,198 | -0.4 | 61% |
| 2018 | 3,729,096 | 3,893,465 | −164,369 | -0.8 | 55% |
| 2019 | 4,776,835 | 4,840,867 | −64,032 | -0.8 | 45% |
| 2020 | 5,934,847 | 5,407,139 | 527,708 | 0.4 | 53% |
| 2021 | 6,204,963 | 5,888,652 | 316,311 | 1.0 | 54% |
| 2022 | 7,557,877 | 7,505,415 | 52,462 | 0.9 | 47% |
| 2023 | 15,312,148 | 14,195,044 | 1,117,104 | 1.4 | 45% |
In its most recent public year (2023), this organization brought in $1,117,104 more than it spent. Its reserves stood at about 1.4 months of spending, up from -2.4 in 2016. Staff pay was 45% 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 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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