Heritage Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,744,928 | 4,304,852 | 440,076 | 1.1 | 53% |
| 2021 | 4,894,705 | 5,095,094 | −200,389 | 0.5 | 52% |
| 2022 | 5,238,156 | 6,141,367 | −903,211 | -1.4 | 45% |
| 2023 | 6,444,551 | 6,211,053 | 233,498 | -0.9 | 51% |
In its most recent public year (2023), this organization brought in $233,498 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.9 months), down from 1.1 in 2020. Staff pay was 51% 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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