Mesorah Heritage Foundation

Analysis

Mesorah Heritage Foundation is a registered charity in United States, based in Rahway, NJ. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mesorah Heritage Foundation reported income of $15.9m and spending of $13.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.0m to $15.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mesorah Heritage Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Yerba Buena Center for the Arts ($15.8m), Georgia Museums Inc ($15.9m) and Hampton Roads Educational Telecommunications Association Inc ($15.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $246k (1.9% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $24.2m against liabilities of $0, net assets of $24.2m. It reported 85 employees.