Great Hearts Louisiana Inc

Analysis

Great Hearts Louisiana Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in December 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 2023, Great Hearts Louisiana Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $250k to $1.4m (+462%), an average of +462% a year. The sharpest change came in the year to June 2023, when income rose by 462%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Hearts Louisiana Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Partnership for a Better San Diego ($1.4m), Bridges School Early Childhoodprogram Inc ($1.4m) and Growing Years School ($1.4m).

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 $163k (13% of expenses). Other salaries and wages came to $254k. At year end it held assets of $1.1m against liabilities of $700k, net assets of $407k.