Heritage Charter Academy Inc

Analysis

Heritage Charter Academy Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in June 2016, 10 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 June 2023, Heritage Charter Academy Inc reported income of $2.2m and spending of $2.1m, spending 99% of its income. Across the 6 years on record, from June 2017 to June 2023, income grew from $1.2m to $2.2m (+80%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Charter Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Grenada Educational Foundation Inc ($2.2m), Early Childhood Partnership of Adams County ($2.2m) and Hendrick Hudson Free Library ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $840k against liabilities of $1.0m, net assets of -$197k. It reported 55 employees.