Heritage Schools Inc

Analysis

Heritage Schools Inc is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heritage Schools Inc reported income of $19.7m and spending of $20.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $19.7m (+8.6%), an average of +2.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heritage Schools Inc sits at the 88th percentile: it is larger than about 88% 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 KCS Inc ($19.7m), Community Health Center of Lubbock Inc ($19.7m) and New Directions Northwest Inc ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.5m (7.4% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $1.8m against liabilities of $4.3m, net assets of -$2.5m. It reported 662 employees.