Heritage Place Phase III Inc

Analysis

Heritage Place Phase III Inc is a registered charity in United States, based in Coeur Dalene, ID. It received its IRS tax-exemption ruling in September 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 Place Phase III Inc reported income of $383k and spending of $318k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $383k (+187%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Place Phase III Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within ID. Charities of a similar size with the same main cause include Islesboro Affordable Property ($383k), Waynesboro Area Refuge Ministry Inc ($383k) and Life Line Outreach Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Other salaries and wages came to $82k. At year end it held assets of $2.4m against liabilities of $18k, net assets of $2.4m.