Heritage University

Analysis

Heritage University is a registered charity in United States, based in Toppenish, WA. It received its IRS tax-exemption ruling in May 1982, 44 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, Heritage University reported income of $31.1m and spending of $28.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.5m to $31.1m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Park Tudor Foundation Inc ($31.1m), Guadalupe Educational Systems Inc ($31.2m) and Codepath Org ($31.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $769k (2.7% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $69.9m against liabilities of $8.6m, net assets of $61.3m. It reported 480 employees.