Heritage Academy Inc

Analysis

Heritage Academy Inc is a registered charity in United States, based in Jerome, ID. It received its IRS tax-exemption ruling in January 2015, 11 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 2024, Heritage Academy Inc reported income of $2.5m and spending of $2.2m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within ID. Charities of a similar size with the same main cause include Grace Christian Academy ($2.5m), Rolling Hills Charter School Inc ($2.5m) and Maharishi University of Management ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $104k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.0m against liabilities of $2.2m, net assets of $860k. It reported 35 employees.