Heritage Academy Charter Schools Inc

Analysis

Heritage Academy Charter Schools Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Heritage Academy Charter Schools Inc reported income of $7.5m and spending of $7.2m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.4m to $7.5m (+16%), an average of +3.9% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Academy Charter Schools Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Casa Esperanza Montessori Incorpora Ted ($7.5m), Hillel Academy of Pittsburgh ($7.5m) and Potters House ($7.5m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $125k (1.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.7m against liabilities of $860k, net assets of $5.8m. It reported 128 employees.