Headwaters Academy

Analysis

Headwaters Academy is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in November 1990, 36 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, Headwaters Academy reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $1.9m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 236%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Headwaters Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MT. Charities of a similar size with the same main cause include Aylett Country Day School Inc ($1.9m), Joshua Christian Academy Inc ($1.9m) and Peoria Academy Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $104k (5.0% of expenses). Other salaries and wages came to $930k. At year end it held assets of $11.4m against liabilities of $201k, net assets of $11.2m. It reported 39 employees.