Home School Legal Defense Association

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/30/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

It's hard to put HSLDA in a box-just like the homeschooling families we stand for. But everything we do is motivated by our desire to help children thrive and succeed through homeschooling.


Contact information

Mailing address:
Home School Legal Defense Association
PO Box 3000
Purcellville, VA 20134

Website: hslda.org

Phone: 540-338-5600

Email: sales@hslda.org


Organization details

EIN: 521354365

CEO/President: J. Michael Smith

Chairman: J. Michael Smith

Board size: 7

Founder: Mike Farris and Mike Smith

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 2003


Purpose

HSLDA is the trusted movement leader that makes homeschooling possible by caring for member families and protecting and securing the future of homeschooling. Our vision is to see every homeschooling family have the resources they need to provide the best education they can for their children.


Mission statement

In short, our mission is to make homeschooling possible.


Statement of faith

Our leaders, directors, and employees all live by the foundational teachings of Christianity. Although we come from a variety of Christian denominations and traditions, we share the following beliefs:

There is one God, who exists eternally in three Persons (the Trinity): Father, Son, and Holy Spirit. Because human beings are sinful by nature and inherently in need of salvation, God became a flesh-and-blood human to save us-Jesus Christ, the Son, who was conceived by God in a virgin woman, Mary. In His death, Jesus received the consequences for sin that we deserved. He then rose bodily from the dead and will literally come again to earth in the Second Advent.

The salvation that Jesus Christ made possible for us is exclusively found by faith alone in Him and His shed blood. We find all these truths in the Holy Bible, which is the inspired and infallible Word of God. Because of our thankfulness to God for saving us, we try to imitate Christ in all we do.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating506 of 91323 of 45
Fund acquisition rating675 of 91539 of 45
Resource allocation rating671 of 91530 of 45
Asset utilization rating95 of 9136 of 45

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%14%5%3%3%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%11%5%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
81%84%99%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%13%4%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
19%16%1%0%0%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%76%93%94%95%95%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%91%108%106%107%92%
Program output ratio Program output ratio =
Program services /
Total revenue
78%69%100%100%102%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%9%-8%-6%-7%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-24%-21%-13%-12%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%12%2%3%2%3%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.752.652.692.231.691.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.721.411.011.011.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.693.742.712.251.691.37
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.100.3213.2623.8922.9927.60
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.103.080.080.040.040.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.94-6.674.105.126.818.45
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%218%8%4%4%4%
Debt ratio Debt ratio =
Debt /
Total assets
4%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
94%-45%34%43%57%70%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,728,790$761,068$917,015$1,043,497$1,161,453
Receivables, inventories, prepaids$501,789$70,131$52,465$64,746$66,511
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,230,579$831,199$969,480$1,108,243$1,227,964
Long-term investments$107,777$0$0$0$0
Fixed assets$242,454$4,289$5,719$0$0
Other long-term assets$980,440$0$0$0$0
Total long-term assets$1,330,671$4,289$5,719$0$0
Total assets$4,561,250$835,488$975,199$1,108,243$1,227,964
 
Liabilities20192018201720162015
Payables and accrued expenses$2,584,701$62,686$40,573$48,202$44,488
Other current liabilities$7,364,413$0$0$0$0
Total current liabilities$9,949,114$62,686$40,573$48,202$44,488
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$9,949,114$62,686$40,573$48,202$44,488
 
Net assets20192018201720162015
Without donor restrictions($6,181,653)$246,753$321,065$421,036$506,148
With donor restrictions$793,789$526,049$613,561$639,005$677,328
Net assets($5,387,864)$772,802$934,626$1,060,041$1,183,476
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$11,165,924$2,074,946$2,047,222$1,739,204$1,816,301
Program service revenue$1,714,592$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($13,945)$2,691$3,327$2,468$3,296
Other revenue$492,483$10,836$3,189$2,301$3,417
Total other revenue$2,193,130$13,527$6,516$4,769$6,713
Total revenue$13,359,054$2,088,473$2,053,738$1,743,973$1,823,014
 
Expenses20192018201720162015
Program services$9,152,245$2,094,885$2,055,714$1,776,463$1,592,260
Management and general$1,404,117$55,021$55,325$44,002$43,198
Fundraising$1,535,263$100,391$68,115$46,943$45,690
Total expenses$12,091,625$2,250,297$2,179,154$1,867,408$1,681,148
 
Change in net assets20192018201720162015
Surplus (deficit)$1,267,429($161,824)($125,416)($123,435)$141,866
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,267,429($161,824)($125,416)($123,435)$141,866

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/30/2020. To update the information below, please email: info@ministrywatch.com


History

When two attorneys and homeschooling dads-Mike Farris and Mike Smith-founded HSLDA in 1983, homeschooling was just a tiny blip on the educational radar screen. Families who chose to homeschool often encountered opposition-sometimes even legal challenges.

Seeing a need for affordable legal advocacy, the two Mikes joined forces to establish a nonprofit organization dedicated to protecting families' right to give their children the kind of unique, personalized education that homeschooling allows.

Today, HSLDA provides over 80,000 member families with the peace of mind knowing that they don't have to homeschool alone. Whether it's legal representation, educational consulting, practical resources, or grants for struggling families, everything we do flows from our core mission of making homeschooling possible.


Program accomplishments


Needs