Heritage School Inc

Analysis

Heritage School Inc is a registered charity in United States, based in Newnan, GA. It received its IRS tax-exemption ruling in July 1970, 56 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, Heritage School Inc reported income of $11.0m and spending of $9.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $11.0m (+22%), an average of +5.1% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage School 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 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Yeshiva High School for Girls Inc ($11.0m), University of North Georgia Foundation Inc ($11.0m) and Gateway Academy Charter School ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $422k (4.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $16.4m against liabilities of $1.9m, net assets of $14.5m. It reported 124 employees.