Christian Heritage Academy

Analysis

Christian Heritage Academy is a registered charity in United States, based in Northfield, IL. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, Christian Heritage Academy reported income of $9.2m and spending of $6.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $9.2m (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Heritage Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Training and Evaluation Center of Hutchinson Inc ($9.2m), Hospital Industry Data Institute ($9.2m) and North Iowa Vocational Center Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $155k (2.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $8.8m against liabilities of $3.3m, net assets of $5.6m. It reported 117 employees.