Heritage Christian Schools Inc

Analysis

Heritage Christian Schools Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1965, 61 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 Christian Schools Inc reported income of $23.4m and spending of $20.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.5m to $23.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Christian Schools Inc sits at the 97th 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 98th percentile within IN. Charities of a similar size with the same main cause include California Institute for Biodiversity ($23.4m), The Education Center at the Watson Institute ($23.4m) and MIT International Inc ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $430k (2.1% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $25.4m against liabilities of $3.2m, net assets of $22.2m. It reported 385 employees.