Great Hearts America

Analysis

Great Hearts America is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Great Hearts America reported income of $16.1m and spending of $15.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $16.1m (+286%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Hearts America sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Gabriella Charter Schools ($16.1m), Women Deliver Inc ($16.1m) and Camphill Special School Inc ($16.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $991k (6.5% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $14.9m against liabilities of $12.1m, net assets of $2.7m.