Heritage Academy
Heritage Academy faces recent deficit despite historical revenue growth and no officer compensation.
EIN: 10575727 · Columbia, MO · NTEE: B20 · Updated: 2026-03-26
Is Heritage Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Academy
Heritage Academy (EIN: 10575727) is a nonprofit organization based in Columbia, MO, classified under NTEE code B20. The organization reported total revenue of $528K and total assets of $213K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Academy with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 14 filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size with revenues exceeding $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heritage Academy's IRS 990 filings:
- Expenses ($627,315) significantly exceeded revenue ($527,522) in the latest fiscal period (202406), indicating an operational deficit.
- Assets decreased from $438,078 in 2023 to $212,684 in 2024, a substantial reduction.
Strengths
The following positive indicators were identified for Heritage Academy:
- Consistent reporting of 0% officer compensation across all 14 filings, demonstrating high efficiency in executive pay.
- Long operational history with 14 IRS 990 filings, indicating sustained activity and transparency.
- Demonstrated revenue growth over the past decade, from $268,577 in 2015 to $527,522 in 2024.
Frequently Asked Questions about Heritage Academy
Is Heritage Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Academy (EIN: 10575727) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Heritage Academy spend its money?
Heritage Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Academy tax-deductible?
Heritage Academy is registered as a tax-exempt nonprofit (EIN: 10575727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heritage Academy a good charity?
Heritage Academy appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation and a long history of operations. While the latest filing shows a deficit, its historical financial management has generally been sound, with revenue growth over time.
What caused the deficit in the 2024 fiscal year?
The IRS 990 data indicates that in Period 202406, Heritage Academy's expenses ($627,315) significantly exceeded its revenue ($527,522), leading to a deficit of nearly $100,000. The specific causes are not detailed in the provided summary but warrant further investigation into the full 990 form.
How has Heritage Academy's financial stability changed over time?
Heritage Academy has shown revenue growth from $268,577 in 2015 to $527,522 in 2024. While it generally operated with surpluses in recent years (e.g., 2023 and 2022), the latest filing (2024) shows a notable deficit, suggesting a recent shift in financial stability that needs attention.
Filing History
IRS 990 filing history for Heritage Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heritage Academy's revenue has grown by 68.4%, moving from $313K to $528K. Total assets increased by 70.1% over the same period, from $125K to $213K. Total functional expenses rose by 121.1%, from $284K to $627K. In its most recent filing year (2024), Heritage Academy reported a deficit of $100K, with expenses exceeding revenue. The organization holds $109K in liabilities against $213K in assets (debt-to-asset ratio: 51.4%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $528K | $627K | $213K | $109K | — | — |
| 2023 | $536K | $496K | $438K | $174K | — | View 990 |
| 2022 | $459K | $429K | $415K | $148K | — | View 990 |
| 2021 | $371K | $394K | $426K | $226K | — | View 990 |
| 2020 | $348K | $360K | $340K | $103K | — | View 990 |
| 2019 | $378K | $364K | $315K | $65K | — | View 990 |
| 2018 | $382K | $326K | $325K | $90K | — | View 990 |
| 2017 | $369K | $284K | $269K | $90K | — | View 990 |
| 2016 | $300K | $288K | $166K | $72K | — | View 990 |
| 2015 | $269K | $263K | $138K | $56K | — | View 990 |
| 2014 | $284K | $294K | $134K | $58K | — | View 990 |
| 2013 | $290K | $268K | $165K | $79K | — | View 990 |
| 2012 | $313K | $292K | $138K | $74K | — | View 990 |
| 2011 | $313K | $284K | $125K | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $528K, expenses of $627K, and assets of $213K (revenue -1.6% year-over-year).
- 2023: Revenue of $536K, expenses of $496K, and assets of $438K (revenue +16.9% year-over-year).
- 2022: Revenue of $459K, expenses of $429K, and assets of $415K (revenue +23.7% year-over-year).
- 2021: Revenue of $371K, expenses of $394K, and assets of $426K (revenue +6.6% year-over-year).
- 2020: Revenue of $348K, expenses of $360K, and assets of $340K (revenue -8.1% year-over-year).
- 2019: Revenue of $378K, expenses of $364K, and assets of $315K (revenue -0.9% year-over-year).
- 2018: Revenue of $382K, expenses of $326K, and assets of $325K (revenue +3.4% year-over-year).
- 2017: Revenue of $369K, expenses of $284K, and assets of $269K (revenue +23.2% year-over-year).
- 2016: Revenue of $300K, expenses of $288K, and assets of $166K (revenue +11.7% year-over-year).
- 2015: Revenue of $269K, expenses of $263K, and assets of $138K (revenue -5.3% year-over-year).
- 2014: Revenue of $284K, expenses of $294K, and assets of $134K (revenue -2.2% year-over-year).
- 2013: Revenue of $290K, expenses of $268K, and assets of $165K (revenue -7.4% year-over-year).
- 2012: Revenue of $313K, expenses of $292K, and assets of $138K (revenue +-0.0% year-over-year).
- 2011: Revenue of $313K, expenses of $284K, and assets of $125K.
Data Sources and Methodology
This transparency report for Heritage Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.