Heritage of Pride Inc

Analysis

Heritage of Pride Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 September 2023, Heritage of Pride Inc reported income of $5.6m and spending of $6.8m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $13.2m to $5.6m (-57%), an average of -19% a year. The sharpest change came in the year to September 2020, when income dropped by 83%. Over the whole period it spent 119% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Heritage of Pride Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Genders & Sexualities Alliance Network ($5.6m), Legal Services of Eastern Michigan ($5.6m) and Child Protection Center Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $228k (3.3% of expenses). Other salaries and wages came to $709k. At year end it held assets of $778k against liabilities of $2.3m, net assets of -$1.5m. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.