The Heights Inc

Analysis

The Heights Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in August 2002, 24 years ago. 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, The Heights Inc reported income of $23.1m and spending of $21.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $23.1m (+32%), an average of +7.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heights Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Merton College ($23.1m), Willows Community School ($23.1m) and Chicago & Vicinity Laborers ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $562k (2.6% of expenses). Other salaries and wages came to $6.3m. It paid $149k in professional fundraising fees. At year end it held assets of $30.0m against liabilities of $17.2m, net assets of $12.8m. It reported 94 employees.