Heritage Family School

Analysis

Heritage Family School is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in June 1995, 31 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 July 2023, Heritage Family School reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to July 2023, income grew from $2.1m to $2.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to July 2022, when income rose by 7829%. 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, Heritage Family School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Leadership Knoxville Inc ($2.7m), Shanel Valley Academy ($2.7m) and White Birch Community Center ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $163k (5.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.0m against liabilities of $1.5m, net assets of $6.5m. It reported 41 employees.