Faith Heritage School

Analysis

Faith Heritage School is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1982, 44 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, Faith Heritage School reported income of $2.3m and spending of $2.0m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $2.3m (-0.7%), an average of -0.2% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Heritage School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of Bowling Green Kentucky War Memorial Unit Inc ($2.3m), East Central Alabama United Cerebral Palsy ($2.3m) and Grays Harbor College Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $96k (4.8% of expenses). At year end it held assets of $2.8m against liabilities of $440k, net assets of $2.3m. It reported 79 employees.