Heritage Christian Academy Inc

Analysis

Heritage Christian Academy Inc is a registered charity in United States, based in Sylva, NC. It received its IRS tax-exemption ruling in September 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 June 2023, Heritage Christian Academy Inc reported income of $742k and spending of $655k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $497k to $742k (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Christian Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Restorative Driven Implant Institute Inc ($742k), The Beech Hill School ($742k) and Snow Lion Preschool ($742k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Other salaries and wages came to $424k. At year end it held assets of $1.2m against liabilities of $740k, net assets of $484k. It reported 46 employees.