Heritage K-8 Charter

Analysis

Heritage K-8 Charter is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2007, 19 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 K-8 Charter reported income of $17.1m and spending of $14.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $17.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage K-8 Charter sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Lion Christian Academy Inc ($17.1m), Umep ($17.2m) and Ridgeview Global Studies Academy Inc ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $664k (4.7% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $32.4m against liabilities of $23.9m, net assets of $8.5m. It reported 151 employees.