Heritage Schools Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,774,542 | 17,968,616 | −194,074 | -0.1 | 56% |
| 2012 | 16,716,508 | 17,377,320 | −660,812 | -0.5 | 58% |
| 2013 | 14,733,568 | 15,248,103 | −514,535 | -1.0 | 59% |
| 2014 | 14,931,437 | 15,528,158 | −596,721 | -1.4 | 57% |
| 2015 | 15,368,813 | 15,644,640 | −275,827 | -1.6 | 58% |
| 2016 | 14,912,473 | 14,841,322 | 71,151 | -1.7 | 64% |
| 2017 | 14,960,295 | 15,115,953 | −155,658 | -1.8 | 64% |
| 2018 | 8,059,511 | 8,058,127 | 1,384 | -3.3 | 64% |
| 2019 | 18,170,653 | 16,447,723 | 1,722,930 | -0.4 | 3% |
| 2020 | 16,526,702 | 17,146,559 | −619,857 | -0.8 | 64% |
| 2021 | 18,749,522 | 17,839,906 | 909,616 | -0.1 | 67% |
| 2022 | 17,821,164 | 18,924,598 | −1,103,434 | -0.8 | 66% |
| 2023 | 19,737,780 | 20,912,543 | −1,174,763 | -1.4 | 65% |
In its most recent public year (2023), this organization spent $1,174,763 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.4 months), down from -0.1 in 2011. Staff pay was 65% of spending. $218,044 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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