Heritage Christian University

Analysis

Heritage Christian University is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Heritage Christian University reported income of $10.6m and spending of $4.5m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $10.6m (+134%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 83%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Christian University sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include University of Montevallo Foundation ($10.6m), Nassau Library System ($10.6m) and The Bertschi School ($10.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $186k (4.2% of expenses). Other salaries and wages came to $1.7m. It paid $985 in professional fundraising fees. At year end it held assets of $29.3m against liabilities of $1.3m, net assets of $28.0m. It reported 52 employees.