Heritage Academy Incorporated

Analysis

Heritage Academy Incorporated is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in June 2021, 5 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 2024, Heritage Academy Incorporated reported income of $1.2m and spending of $909k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $335k to $1.2m (+260%), an average of +53% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Academy Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MT. Charities of a similar size with the same main cause include Foundation for Manufacturing Excellence ($1.2m), Imperial Valley Regional Occupational Program Community F ($1.2m) and Montessori School of Central Vermont Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $561k. At year end it held assets of $585k against liabilities of $3,698, net assets of $581k. It reported 48 employees.