Heath School Extended Day Inc

Analysis

Heath School Extended Day Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heath School Extended Day Inc reported income of $845k and spending of $722k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $657k to $845k (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 225%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heath School Extended Day Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Golden Panther Booster Club Inc ($845k), Society for International Affairs ($845k) and Jewish Federation of Howard County Inc ($845k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $130k (18% of expenses). Other salaries and wages came to $383k. At year end it held assets of $590k against liabilities of $34k, net assets of $556k. It reported 25 employees.