Herron High School Inc

Analysis

Herron High School Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Herron High School Inc reported income of $25.2m and spending of $21.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $25.2m (+114%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herron High School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Holy Cross College Inc ($25.2m), Currey Ingram Academy ($25.2m) and Hammond School ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $1.0m (4.7% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $28.9m against liabilities of $11.6m, net assets of $17.3m. It reported 267 employees.