Heritage Academy Inc
Hagerstown, Maryland
A-Health Score
79A-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Very Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
This Org0.51×
Peer Median20.77×
💰
$1.4M
Total Revenue
📊
$1.3M
Total Expenses
🏦
$654K
Net Assets
📋
$136K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+18.1%
Year-over-year change (2023 → 2024)
Net Margin
+11.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.51
Net assets divided by total expenses
Liabilities-to-Assets
17.2%
Total liabilities as % of total assets
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2024 | $1,447,593↑18% | $1,275,302↑12% | $789,706↑32% | — |
| 2023 | $1,226,009↑1% | $1,135,369↑5% | $600,425↑14% | — |
| 2022 | $1,211,523↓4% | $1,082,578↑2% | $528,654↑30% | — |
| 2021 | $1,257,133↑28% | $1,059,196↑11% | $407,353↓13% | — |
| 2020 | $983,630↑12% | $952,592↑7% | $470,101↑81% | — |
| 2019 | $881,475↑5% | $890,192↑2% | $259,010↑4% | — |
| 2018 | $838,886↓9% | $875,207↓4% | $249,955↓6% | — |
| 2017 | $920,401 | $911,421↑11% | $265,078↓12% | — |
| 2016 | $923,614↑6% | $821,366↓2% | $302,290↑11% | — |
| 2015 | $867,949↑11% | $838,954↓1% | $272,192↑22% | — |
| 2014 | $784,159↓10% | $850,004↓3% | $222,974↓2% | — |
| 2013 | $872,449↑9% | $871,876↓2% | $228,072↓2% | — |
| 2012 | $797,990 | $888,555↑4% | $233,460↑4% | — |
| 2011 | $794,227 | $857,380 | $224,555 | — |
Frequently Asked Questions
What does Heritage Academy Inc do?▼
Heritage Academy Inc is a education nonprofit organization based in Maryland. It is classified under NTEE code B24Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Heritage Academy Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Heritage Academy Inc.
How much revenue does Heritage Academy Inc generate?▼
Heritage Academy Inc reports $1.7M in annual revenue and holds $901K in total assets, based on IRS filings.