Heritage Instructional Services Inc

Analysis

Heritage Instructional Services Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in August 2019, 7 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 July 2023, Heritage Instructional Services Inc reported income of $254k and spending of $234k, spending 92% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $163k to $254k (+55%), an average of +55% a year. The sharpest change came in the year to July 2023, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Instructional Services Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Alta Vista Home & School Club ($253k), Educational Bureau ($254k) and North Shore Coalition ($253k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (64% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 22 employees.