Highlands Educational Corporation

Analysis

Highlands Educational Corporation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in September 1987, 39 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, Highlands Educational Corporation reported income of $69k and spending of $58k, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1,492 to $69k (+4530%), an average of +259% a year. The sharpest change came in the year to June 2021, when income rose by 1873%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highlands Educational Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Polk School District Educational Foundation ($69k), Ridgewood Rotary Foundation Inc ($69k) and Martha Jones School PTO Inc ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 85% of the total. At year end it held assets of $63k against liabilities of $10k, net assets of $53k.