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Heritage Classical Academy

Albemarle, North Carolina · EIN 84-3096845 · tax-exempt since 2020

C

Charity Clarity grade C (score 54.3 of 100), based on the Form 990 for the year ended July 2026.

Graded against 88,048 unclassified nonprofits with revenue $500K–$2M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.11.9 months89
GovernanceBoard independence, key policies and audit, per the 990.39% of practices39
Margin stabilityHow steady the surplus or deficit is year to year.33
Revenue spreadHow much revenue rests on one type of income.92% from one source24
Filing recordOn-time, complete filings, year after year.100%100

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

202120222023202420252026grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Jul 2026Form 990$749K$510K$239K$505K11.912C
Jul 2025Form 990$565K$487K$77K$266K6.512C
Jul 2024Form 990$383K$346K$37K$189K6.59C
Jul 2023Form 990$279K$205K$74K$151K8.96C
Jul 2022Form 990-EZ$172K$117K$55K$89K9.2B
Jul 2021Form 990-EZ$81K$50K$31K$34K8.1B

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation: