Heritage Heights Academy Inc
EIN: 475408066 · Centennial, CO · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $6.9M |
| Net Assets | $-1,711,429 |
Is Heritage Heights 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 Heights Academy Inc
Heritage Heights Academy Inc (EIN: 475408066) is a nonprofit organization based in Centennial, CO, classified under NTEE code B24. The organization reported total revenue of $9.1M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Heights Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Heights Academy Inc is a mid-size nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 26.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-431,245 |
| Total Assets | $5.1M |
| Total Liabilities | $6.8M |
| Net Assets | $-1,711,429 |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 133.3% |
| Months of Reserves | 9.0 months |
Financial Health Grade: C
In 2023, Heritage Heights Academy Inc reported a deficit of $431K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 133.3% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Heritage Heights Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +38.1% | -7.9% |
| 2022 | +22.2% | +17.4% | +15.6% |
| 2021 | +17.7% | +8.0% | +43.9% |
| 2020 | +25.4% | +37.7% | -4.9% |
| 2019 | +21.3% | -16.0% | +4.3% |
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 Heights 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 Heights 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 deficit of $431K, with expenses exceeding revenue.
- Debt-to-asset ratio: 133.3%.
Frequently Asked Questions about Heritage Heights Academy Inc
Is Heritage Heights Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Heights Academy Inc (EIN: 475408066) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heritage Heights Academy Inc spend its money?
Detailed spending breakdown data is not yet available for Heritage Heights Academy Inc. Check back for updated IRS 990 analysis.
Are donations to Heritage Heights Academy Inc tax-deductible?
Heritage Heights Academy Inc is registered as a tax-exempt nonprofit (EIN: 475408066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Heights Academy Inc located?
Heritage Heights Academy Inc is headquartered in Centennial, Colorado and files with the IRS under EIN 475408066. It is classified under NTEE code B24.
How many years of IRS 990 filings does Heritage Heights Academy Inc have?
Heritage Heights Academy Inc has 7 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 $9.1M in total revenue.
Filing History
IRS 990 filing history for Heritage Heights Academy Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Heritage Heights Academy Inc's revenue has grown by 301.7%, moving from $1.6M to $6.4M. Total assets increased by 62.3% over the same period, from $3.2M to $5.1M. Total functional expenses rose by 189%, from $2.4M to $6.9M. In its most recent filing year (2023), Heritage Heights Academy Inc reported a deficit of $431K, with expenses exceeding revenue. The organization holds $6.8M in liabilities against $5.1M in assets (debt-to-asset ratio: 133.3%), resulting in net assets of $-1,711,429.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.9M | $5.1M | $6.8M | — | View 990 |
| 2022 | $5.4M | $5.0M | $5.6M | $5.8M | — | View 990 |
| 2021 | $4.4M | $4.2M | $4.8M | $6.9M | — | — |
| 2020 | $3.7M | $3.9M | $3.3M | $5.2M | — | View 990 |
| 2019 | $3.0M | $2.8M | $3.5M | $5.2M | — | View 990 |
| 2018 | $2.5M | $3.4M | $3.4M | $5.2M | — | — |
| 2017 | $1.6M | $2.4M | $3.2M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.9M, and assets of $5.1M (revenue +19.3% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.0M, and assets of $5.6M (revenue +22.2% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.2M, and assets of $4.8M (revenue +17.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.9M, and assets of $3.3M (revenue +25.4% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.8M, and assets of $3.5M (revenue +21.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $3.4M, and assets of $3.4M (revenue +53.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $2.4M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Heights Academy Inc:
Data Sources and Methodology
This transparency report for Heritage Heights 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.