Heritage Christian School

Analysis

Heritage Christian School is a registered charity in United States, based in North Liberty, IA. It received its IRS tax-exemption ruling in October 1992, 34 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, Heritage Christian School reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Christian School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include John H Wellons Foundation Inc ($1.8m), Vail Religious Foundation ($1.8m) and Community Engaged Payee Support ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $135k (7.1% of expenses). Other salaries and wages came to $915k. At year end it held assets of $3.6m against liabilities of $834k, net assets of $2.8m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.