Heritage Park

Analysis

Heritage Park is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Heritage Park reported income of $52k and spending of $79k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $58k to $52k (-10%), an average of -2.7% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Park sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within OK. Charities of a similar size with the same main cause include Next Step Organization ($52k), Rssi Charon Chase Condos Inc ($52k) and Soda Creek Apartments Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $12k. At year end it held assets of $690k against liabilities of $1.1m, net assets of -$405k.

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.