Heritage Baptist College

Analysis

Heritage Baptist College is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in July 2008, 18 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 April 2024, Heritage Baptist College reported income of $140k and spending of $154k, spending 110% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $108k to $140k (+30%), an average of +30% a year. The sharpest change came in the year to April 2024, when income rose by 30%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Baptist College sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Sealy Education Foundation ($140k), Catalytic Communities ($140k) and Parent Booster USA Inc ($140k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. At year end it held assets of $450k against liabilities of $0, net assets of $450k.