Heritage School of Texas

Analysis

Heritage School of Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2012, 14 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 May 2024, Heritage School of Texas reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.8m to $1.8m (+2.0%), an average of +0.5% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage School of Texas sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Forge Institute ($1.8m), Pioneer Montessori School ($1.8m) and St James S Children S Center ($1.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 10% and program service revenue 84% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $935k, net assets of $1.7m. It reported 28 employees.