Heritage Academy Inc
EIN: 475084309 · Mesa, AZ · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $195K |
| Net Assets | $738K |
Is Heritage Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Academy Inc
Heritage Academy Inc (EIN: 475084309) is a nonprofit organization based in Mesa, AZ, classified under NTEE code B20. The organization reported total revenue of $2.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Academy Inc is a mid-size nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $934K |
| Total Expenses | $195K |
| Surplus / Deficit | +$738K |
| Total Assets | $1.0M |
| Total Liabilities | $274K |
| Net Assets | $738K |
| Operating Margin | 79.1% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 62.2 months |
Financial Health Grade: A
In 2023, Heritage Academy Inc reported a surplus of $738K with revenue exceeding expenses, holds 62.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $738K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.1%.
Frequently Asked Questions about Heritage Academy Inc
Is Heritage Academy Inc a legitimate charity?
Heritage Academy Inc (EIN: 475084309) is a registered tax-exempt nonprofit based in Arizona. It has 3 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: A.
How does Heritage Academy Inc spend its money?
Heritage Academy Inc reported $2.1M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heritage Academy Inc tax-deductible?
Heritage Academy Inc is registered as a tax-exempt nonprofit (EIN: 475084309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Academy Inc located?
Heritage Academy Inc is headquartered in Mesa, Arizona and files with the IRS under EIN 475084309. It is classified under NTEE code B20.
How many years of IRS 990 filings does Heritage Academy Inc have?
Heritage Academy Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.1M in total revenue.
Filing History
IRS 990 filing history for Heritage Academy Inc showing financial trends over 3 years of public records:
Total assets increased by 101273800% over the same period, from $1 to $1.0M. In its most recent filing year (2023), Heritage Academy Inc reported a surplus of $738K, with revenue exceeding expenses. The organization holds $274K in liabilities against $1.0M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $738K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $934K | $195K | $1.0M | $274K | — | — |
| 2022 | $0 | $0 | $1 | $0 | — | View 990 |
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $934K, expenses of $195K, and assets of $1.0M.
- 2022: Revenue of $0, expenses of $0, and assets of $1.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Academy Inc:
Data Sources and Methodology
This transparency report for Heritage Academy Inc 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.