Heritage University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,145,627 | 21,232,779 | 2,912,848 | 17.9 | 48% |
| 2012 | 27,237,610 | 24,635,600 | 2,602,010 | 16.6 | 47% |
| 2013 | 28,328,508 | 26,425,180 | 1,903,328 | 16.8 | 48% |
| 2014 | 32,830,090 | 29,881,330 | 2,948,760 | 16.6 | 46% |
| 2015 | 34,581,012 | 35,189,853 | −608,841 | 13.8 | 44% |
| 2016 | 30,253,270 | 32,892,340 | −2,639,070 | 13.5 | 45% |
| 2017 | 29,500,764 | 30,737,156 | −1,236,392 | 14.4 | 46% |
| 2018 | 32,603,196 | 28,487,413 | 4,115,783 | 17.7 | 47% |
| 2019 | 26,518,848 | 26,230,882 | 287,966 | 19.6 | 49% |
| 2020 | 25,248,426 | 25,006,086 | 242,340 | 21.1 | 49% |
| 2021 | 36,946,289 | 26,887,338 | 10,058,951 | 26.3 | 48% |
| 2022 | 32,176,102 | 28,864,019 | 3,312,083 | 23.3 | 43% |
| 2023 | 31,129,982 | 28,378,099 | 2,751,883 | 25.9 | 46% |
In its most recent public year (2023), this organization brought in $2,751,883 more than it spent. Its reserves stood at about 25.9 months of spending, up from 17.9 in 2011. Staff pay was 46% of spending. $8,779,801 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
Heritage University's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works