Christian Heritage Academy

Analysis

Christian Heritage Academy is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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, Christian Heritage Academy reported income of $3.0m and spending of $1.9m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $3.0m (+130%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 36%. Over the whole period it spent 86% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Society of St Vincent de Paul Altoona-Johnstown ($3.0m), Malta Ambulance Corps Inc ($3.0m) and Boys & Girls Clubs of Saline County ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $215k (11% of expenses). Other salaries and wages came to $858k. At year end it held assets of $6.9m against liabilities of $4.4m, net assets of $2.4m. It reported 35 employees.