American Heritage Education Foundation

Analysis

American Heritage Education Foundation is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Heritage Education Foundation reported income of $2.3m and spending of $2.9m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $357k to $2.3m (+555%), an average of +60% a year. The sharpest change came in the year to June 2020, when income rose by 621%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Heritage Education Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include The Michigan Hispanic Collaborative ($2.3m), Delaware County Community College Educational Foundation ($2.3m) and Student Housing Village Corporation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $50k (1.7% of expenses). At year end it held assets of $45.1m against liabilities of $32.5m, net assets of $12.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.