Haverhill Heritage Inc

Analysis

Haverhill Heritage Inc is a registered charity in United States, based in Haverhill, NH. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Haverhill Heritage Inc reported income of $214k and spending of $143k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $300k to $214k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Haverhill Heritage Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within NH. Charities of a similar size with the same main cause include Brunswick Area Respite Program ($214k), Believe in Bristol Va Inc ($214k) and Clark County Community Foundation Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $36k (25% of expenses). At year end it held assets of $577k against liabilities of $0, net assets of $577k. It reported 1 employees.