Heuser Hearing & Language Academy Inc

Analysis

Heuser Hearing & Language Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1955, 71 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 May 2023, Heuser Hearing & Language Academy Inc reported income of $3.4m and spending of $2.9m, spending 84% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.0m to $3.4m (+70%), an average of +14% a year. The sharpest change came in the year to May 2023, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heuser Hearing & Language Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Premier Arts and Science Charter School ($3.4m), Concord University Foundation Inc ($3.4m) and Friends of Roosevelt Childrens Academy Charter School ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $57k (2.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $17.2m against liabilities of $2.5m, net assets of $14.7m. It reported 59 employees.