Heterodox Academy

Analysis

Heterodox Academy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Heterodox Academy reported income of $3.0m and spending of $2.4m, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $3.0m (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 47%. 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, Heterodox Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Street Poets Inc ($3.0m), Girltrek Incorporated ($3.0m) and Northern Wisconsin State Fair Association Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $609k (25% of expenses). Other salaries and wages came to $681k. At year end it held assets of $2.7m against liabilities of $637k, net assets of $2.0m.