Heritage Academy Charter Schools Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,299,053 | 16,328,303 | 1,970,750 | 3.4 | 52% |
| 2012 | 15,502,610 | 14,503,589 | 999,021 | 4.7 | 47% |
| 2013 | 13,009,566 | 14,202,356 | −1,192,790 | 4.1 | 46% |
| 2014 | 12,183,371 | 12,520,902 | −337,531 | 4.3 | 43% |
| 2015 | 13,615,753 | 14,055,758 | −440,005 | 3.3 | 38% |
| 2016 | 10,198,967 | 9,728,844 | 470,123 | 1.8 | 42% |
| 2017 | 4,652,262 | 4,636,977 | 15,285 | 1.4 | 48% |
| 2018 | 5,154,097 | 4,868,388 | 285,709 | 2.1 | 54% |
| 2019 | 6,447,669 | 5,418,003 | 1,029,666 | 4.1 | 57% |
| 2020 | 7,001,536 | 5,865,147 | 1,136,389 | 6.1 | 64% |
| 2021 | 7,789,736 | 6,088,417 | 1,701,319 | 9.3 | 62% |
| 2022 | 8,149,832 | 7,357,652 | 792,180 | 9.0 | 63% |
| 2023 | 7,501,241 | 7,191,351 | 309,890 | 9.7 | 63% |
In its most recent public year (2023), this organization brought in $309,890 more than it spent. Its reserves stood at about 9.7 months of spending, up from 3.4 in 2011. Staff pay was 63% of spending. $5,008,769 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 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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