Heritage Classic Foundation Inc

Analysis

Heritage Classic Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Classic Foundation Inc reported income of $80k and spending of $4,907, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $80k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Classic Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Canstruction Inc ($80k), 5ive Pillars Organization ($80k) and A Small Miracle Foundation ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.