Heartwood Charter School

Analysis

Heartwood Charter School is a registered charity in United States, based in Fairfax, CA. It received its IRS tax-exemption ruling in October 2021, 5 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, Heartwood Charter School reported income of $6.4m and spending of $5.1m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $6.4m (+496%), an average of +81% a year. The sharpest change came in the year to June 2022, when income rose by 186%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartwood Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Uwg Real Estate Foundation Inc ($6.4m), Academy for Urban Scholars ($6.4m) and Friends of McHenry County College Foundation ($6.4m).

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 $140k (2.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.3m against liabilities of $837k, net assets of $2.5m. It reported 53 employees.