Great Hearts is recognized by the IRS as a 501(c)3 organization. This means that all revenue from state and philanthropic funding must go to the operations of Great Hearts and our academies. Furthermore, no part of the activities or the net earnings can unfairly benefit any director, officer, or any private individuals at Great Hearts.
As a part of the accountability for a nonprofit organization, Great Hearts is required to submit a Form 990 annually. This document reports a revenues, contributions, executive pay, and expenditures for the the charter management organization.