Heartwood Grove School

Analysis

Heartwood Grove School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2013, 13 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, Heartwood Grove School reported income of $345k and spending of $406k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $237k to $345k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartwood Grove School sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Rome Institute of Liberal Arts Inc ($345k), Diversity & Innovation Institute Inc ($345k) and University Club Foundation Inc ($345k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $166k. At year end it held assets of $287k against liabilities of $372k, net assets of -$86k. It reported 11 employees.