Heart Christian Preparatory Academy

Analysis

Heart Christian Preparatory Academy is a registered charity in United States, based in San Juan Capistrano, CA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Heart Christian Preparatory Academy reported income of $4.5m and spending of $4.6m, spending 102% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $533k to $4.5m (+740%), an average of +190% a year. The sharpest change came in the year to June 2022, when income rose by 459%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart Christian Preparatory Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Sheila C Skip Nowell Leadership Academy ($4.5m), Elevate 215 ($4.5m) and The Gateway Academy Inc ($4.5m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $396k (8.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $399k against liabilities of $342k, net assets of $58k. It reported 158 employees.