Hephzibah Charter Foundation Inc

Analysis

Hephzibah Charter Foundation Inc is a registered charity in United States, based in Hephzibah, GA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hephzibah Charter Foundation Inc reported income of $11.5m and spending of $10.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $11.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hephzibah Charter Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Cleveland Avenue Foundation for Education Group ($11.5m), Youth Renewal Fund ($11.5m) and California Pacific Charter Schools ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (0.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $15.4m against liabilities of $13.6m, net assets of $1.8m. It reported 114 employees.