Augusta Heritage Academy Inc

Analysis

Augusta Heritage Academy Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in November 2000, 26 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, Augusta Heritage Academy Inc reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $4.1m (+164%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augusta Heritage Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Lake Erie College Prep School ($4.1m), Omega Alpha Academy ($4.1m) and Sonoran Institute Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $80k (1.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $10.1m against liabilities of $25k, net assets of $10.1m. It reported 98 employees.