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
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Heritage Academy is mapped to EIN 10575727.
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14 stored filing years available.
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80% program spend, health grade C
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| Metric | Value |
|---|---|
| Total Revenue | $528K |
| Total Expenses | $627K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $103K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Heritage Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals
Heritage Academy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heritage Academy in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $528K and expenses of $627K.
Revenue and Expenses
Heritage Academy reported $528K in revenue and $627K in expenses, a deficit of $100K.
Executive Compensation
Top officer compensation appears as $500,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $502K (80%) |
Across stored filings, Heritage Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 14 stored filing years |
| Peer context | Compare with National Rural Health Association | Missouri and Education context |
Trust Check
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Columbia, MO nonprofitsEducation in Missouri
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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.
Organization Overview
Heritage Academy is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $528K |
| Total Expenses | $627K |
| Surplus / Deficit | $-99,793 |
| Total Assets | $213K |
| Total Liabilities | $109K |
| Net Assets | $103K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 51.4% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2024, Heritage Academy reported a deficit of $100K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 51.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Heritage Academy's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.6% | +26.4% | -51.5% |
| 2023 | +16.9% | +15.7% | +5.6% |
| 2022 | +23.7% | +8.9% | -2.7% |
| 2021 | +6.6% | +9.6% | +25.3% |
| 2020 | -8.1% | -1.1% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.4%.
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?
Heritage Academy (EIN: 10575727) is a registered tax-exempt nonprofit based in Missouri. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $528K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Heritage Academy spend its money?
Heritage Academy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
How much does the Heritage Academy CEO make?
Heritage Academy's highest-compensated officer earns $500,000. annually. The organization reported $528K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heritage Academy's spending goes to programs?
Heritage Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heritage Academy is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Academy located?
Heritage Academy is headquartered in Columbia, Missouri and files with the IRS under EIN 10575727. It is classified under NTEE code B20.
How many years of IRS 990 filings does Heritage Academy have?
Heritage Academy has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $528K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Academy:
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.