Heartwood Public Charter School

Analysis

Heartwood Public Charter School is a registered charity in United States, based in Jefferson, NH. It received its IRS tax-exemption ruling in June 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 2024, Heartwood Public Charter School reported income of $1.0m and spending of $918k, spending 90% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $131k to $1.0m (+682%), an average of +180% a year. The sharpest change came in the year to June 2023, when income rose by 750%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartwood Public Charter School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NH. Charities of a similar size with the same main cause include Pittsburgh Jewish Educational Improvement Foundation ($1.0m), New Hampshire Center for Nonprofits ($1.0m) and Altus Christian Academy Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $416k. At year end it held assets of $1.1m against liabilities of $737k, net assets of $320k. It reported 22 employees.