Heartland Charter School

Analysis

Heartland Charter School is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in August 2019, 7 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, Heartland Charter School reported income of $58.3m and spending of $52.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.3m to $58.3m (+106%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartland Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Ecmc Foundation ($58.2m), South Carolina Connections Academy Inc ($58.3m) and Strive Preparatory Schools ($58.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $558k (1.1% of expenses). Other salaries and wages came to $24.5m. At year end it held assets of $22.8m against liabilities of $10.8m, net assets of $12.0m. It reported 299 employees.