Heritage Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 881,475 | 890,192 | −8,717 | 0.4 | 70% |
| 2020 | 983,630 | 952,592 | 31,038 | 0.8 | 71% |
| 2021 | 1,257,133 | 1,059,196 | 197,937 | 3.0 | 66% |
| 2022 | 1,211,523 | 1,082,578 | 128,945 | 4.3 | 68% |
| 2023 | 1,226,009 | 1,135,369 | 90,640 | 5.1 | 70% |
| 2024 | 1,447,593 | 1,275,302 | 172,291 | 6.2 | 71% |
In its most recent public year (2024), this organization brought in $172,291 more than it spent. Its reserves stood at about 6.2 months of spending, up from 0.4 in 2019. Staff pay was 71% of spending. $76,999 of its net assets are donor-restricted.
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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