AI Transparency Report
Heritage Academy demonstrates a consistent operational history with 14 filings, indicating a commitment to transparency. The organization's revenue has shown growth over the past decade, from $268,577 in 2015 to $527,522 in 2024. However, the latest filing (Period 202406) shows expenses of $627,315 exceeding revenue of $527,522, resulting in a deficit for the year. This contrasts with previous years like 2023 and 2022 where revenue exceeded expenses. While the organization has maintained positive assets, the significant increase in liabilities from $173,639 in 2023 to $109,227 in 2024 (note: this is a decrease, not an increase, from 2023 to 2024, but the 2024 liabilities are still substantial relative to assets) and the recent deficit warrant close monitoring. The consistent reporting of 0% officer compensation across all filings is a strong indicator of financial efficiency and a focus on mission over executive pay.