Heritage Christian Academy

Analysis

Heritage Christian Academy is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in October 1996, 30 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 Christian Academy reported income of $7.6m and spending of $5.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $7.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 53%. 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 Christian Academy 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 University of Alabama Law School Foundation ($7.6m), Jewish Community Center Association of Indianapolis Incorporated ($7.6m) and Earl Monroe New Renaissance Basketball Charter School ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $16.2m against liabilities of $10.7m, net assets of $5.4m. It reported 121 employees.