Heterodox Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 680,051 | 363,408 | 316,643 | 10.5 | 18% |
| 2019 | 1,944,901 | 1,185,853 | 759,048 | 10.9 | 51% |
| 2020 | 2,133,664 | 1,992,194 | 141,470 | 7.4 | 46% |
| 2021 | 2,832,778 | 2,859,589 | −26,811 | 5.0 | 29% |
| 2022 | 4,173,377 | 3,916,641 | 256,736 | 4.4 | 41% |
| 2023 | 2,980,573 | 2,395,669 | 584,904 | 10.2 | 54% |
In its most recent public year (2023), this organization brought in $584,904 more than it spent. Its reserves stood at about 10.2 months of spending. Staff pay was 54% of spending. $573,757 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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