Great Hearts America-Texas

Analysis

Great Hearts America-Texas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Great Hearts America-Texas reported income of $110.8m and spending of $109.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.6m to $110.8m (+187%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Great Hearts America-Texas sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Klamath River Renewal Corporation ($104.8m), Vermont Energy Investment Corp ($123.1m) and National Arbor Day Foundation ($99.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $1.3m (1.2% of expenses). At year end it held assets of $307.2m against liabilities of $273.1m, net assets of $34.1m. It reported 1,762 employees.