Christian Heritage Academy

Analysis

Christian Heritage Academy is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in December 1981, 45 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 2023, Christian Heritage Academy reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+54%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Heritage Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Mira Costa College Foundation ($1.6m), Washington International School ($1.6m) and Latino U College Access ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $914k, net assets of $371k. It reported 64 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.