Heritage Academy Inc

Analysis

Heritage Academy Inc is a registered charity in United States, based in Chatham, VA. It received its IRS tax-exemption ruling in June 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 June 2024, Heritage Academy Inc reported income of $477k and spending of $492k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $428k to $477k (+11%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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 Academy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Buckhannon Christian Academy Inc ($477k), Collbran Job Corps Civilian Conservation Center Corpmembers ($477k) and Deerstream Learning Center Inc ($477k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 86% of the total. Other salaries and wages came to $326k. At year end it held assets of $786k against liabilities of $708, net assets of $786k. It reported 19 employees.