American Heritage Schools Inc

Analysis

American Heritage Schools Inc is a registered charity in United States, based in American Fork, UT. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Heritage Schools Inc reported income of $21.5m and spending of $24.6m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.1m to $21.5m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Heritage Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Golden Rule Schools Inc ($21.4m), Global Outreach Charter Academys ($21.5m) and Communities in Schools of Central Texas ($21.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $276k (1.1% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $73.8m against liabilities of $7.0m, net assets of $66.8m. It reported 418 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.