Heritage Classic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,380,874 | 11,299,641 | −3,918,767 | 1.6 | 6% |
| 2012 | 8,814,730 | 8,291,056 | 523,674 | 2.9 | 7% |
| 2013 | 10,453,506 | 10,359,122 | 94,384 | 2.4 | 6% |
| 2014 | 10,695,725 | 10,838,570 | −142,845 | 2.2 | 7% |
| 2015 | 10,681,772 | 10,655,420 | 26,352 | 2.2 | 8% |
| 2016 | 11,109,807 | 11,071,443 | 38,364 | 2.2 | 9% |
| 2017 | 12,605,090 | 11,781,675 | 823,415 | 2.9 | 9% |
| 2018 | 14,254,291 | 13,683,173 | 571,118 | 3.0 | 4% |
| 2019 | 14,574,085 | 13,940,456 | 633,629 | 3.5 | 8% |
| 2020 | 6,072,322 | 6,130,807 | −58,485 | 7.8 | 18% |
| 2021 | 8,280,011 | 7,334,483 | 945,528 | 8.0 | 16% |
| 2022 | 11,355,325 | 11,042,251 | 313,074 | 5.7 | 12% |
| 2023 | 14,506,827 | 13,947,268 | 559,559 | 5.0 | 11% |
In its most recent public year (2023), this organization brought in $559,559 more than it spent. Its reserves stood at about 5 months of spending, up from 1.6 in 2011. Staff pay was 11% 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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