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Idaho · Nonprofit

Heritage Academy Inc

Heritage Academy Inc (Idaho) receives grants from 6 organizations whose IRS filings report $110,600 to it, the largest being THE CENTER FOR EDUCATION REFORM ($100,000). 3 of them have funded it in more than one year.

Revenue FY2026
$3.7M
Funders on record
6
Grants received
$111k
Net assets
$833k
3/6 repeat funderspeak grant-dependency 4%
01What it does

What Heritage Academy Inc does

Mission

Public Education.

As stated on its FY2026 Form 990.

Program

  1. The school is an independent state-funded public charter school governed under Title 33, Chapter 52 of Idaho Code. It provides innovative educational curricula within the public school system but independent from the traditional structure. Virtually all revenues and expenses relate to this single program service.

    $2,993,356 spent
    100% of program spending

The program described on its FY2026 Form 990. Program spending in total: $2,993,356.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.5M) Expenses 100 ($1.4M) Net assets 100 ($418k)2018 Revenue 95 ($1.5M) Expenses 99 ($1.4M) Net assets 106 ($443k)2019 Revenue 122 ($1.9M) Expenses 123 ($1.8M) Net assets 133 ($556k)2020 Revenue 101 ($1.6M) Expenses 113 ($1.6M) Net assets 116 ($485k)2021 Revenue 149 ($2.3M) Expenses 134 ($1.9M) Net assets 204 ($851k)2022 Revenue 154 ($2.4M) Expenses 143 ($2.1M) Net assets 189 ($789k)2023 Revenue 159 ($2.4M) Expenses 191 ($2.7M) Net assets 119 ($496k)2024 Revenue 164 ($2.5M) Expenses 150 ($2.2M) Net assets 206 ($860k)2025 Revenue 155 ($2.4M) Expenses 203 ($2.9M) Net assets 79 ($331k)2026 Revenue 239 ($3.7M) Expenses 220 ($3.2M) Net assets 199 ($833k)
'17'18'19'20'21'22'23'24'25'26
Revenue (239)Expenses (220)Net assets (199)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.7M to $2.9M (+78%).

$582k
$557k
$713k
$755k
$994k
$1.7M
$2.9M
$3.0M
$2.6M
$3.0M
'17'18'19'20'21'22'23'24'25'26
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 99% · 2018 99% · 2019 99% · 2020 98% · 2021 99% · 2022 99% · 2023 94% · 2024 97% · 2025 96% · 2026 98%. Grants only. Government contracts and fees sit inside program revenue.

99% of Heritage Academy Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 10 reported years ran a deficit.

$101k
’17
$25k
’18
$114k
’19
−$71k
’20
$366k
’21
$314k
’22
−$293k
’23
$364k
’24
−$529k
’25
$503k
’26
4.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Paul Stewart

Chairman

As listed on its FY2026 Form 990.

'17'18'19'20'21'22'23'24'25'26
Listed6666567556
Joined·+1+3+0+0+4+3+1+1+1
No longer listed·130132310
03Who funds it

Who funds it, year by year

2020 → 2023: the base narrowed from 3 funders to 1 funder, grant income fell $9k → $1k.

From the IRS filings of Heritage Academy Inc’s funders (the co-funder graph). Top 5 of 6 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Heritage Academy Inc leans on a few funders — its largest provides 90% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Heritage Academy Inc.

90%
largest funder
99%
top three
~1
effective funders

Largest funder’s share by year: 2020 88% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Heritage Academy Inc draws 92% of its grant income from funders outside Idaho, across 3 states in all.

ID
IL
DC

In-state vs out-of-state, by year

’20
’21
’22
’23
Idaho out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Heritage Academy Inc runs a healthier operating margin than half of the 204 education nonprofits its size.

Operating margin14% · above the median
Months of reserve4.3mo · below the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 204 education nonprofits $1M–$10M, FY2026

Government funding Heritage Academy Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $113k on record.

Federal$113k
grants $113kcontracts $0
17
18
19
20
22
23
24
25
Top agencies
  • Department of Education$113k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Heritage Academy Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Idaho

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 6%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for Heritage Academy Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Heritage Academy Inc?
Heritage Academy Inc (Idaho) receives grants from 6 organizations whose IRS filings report $110,600 to it, the largest being THE CENTER FOR EDUCATION REFORM ($100,000). 3 of them have funded it in more than one year.
How many funders does Heritage Academy Inc have?
IRS filings report 6 organizations giving $110,600 in grants to Heritage Academy Inc, 3 of which have funded it in more than one year.
Who is the largest funder of Heritage Academy Inc?
THE CENTER FOR EDUCATION REFORM is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
How can an organization like Heritage Academy Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Idaho. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Heritage Academy →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2017–2026), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing