Heritage Christian Academy

Analysis

Heritage Christian Academy is a registered charity in United States, based in Maple Grove, MN. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending July 2024, Heritage Christian Academy reported income of $19.8m and spending of $7.1m, leaving 64% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $4.4m to $19.8m (+355%), an average of +35% a year. The sharpest change came in the year to July 2024, when income rose by 83%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Christian Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Government Finance Officers Assn of the United States & Canada ($19.8m), Personal Enrichment Through Mental Health Services Inc ($19.8m) and Pennsylvania School for the Deaf ($19.8m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $110k (1.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $38.2m against liabilities of $8.9m, net assets of $29.4m. It reported 156 employees.