Global Heritage Fund

Analysis

Global Heritage Fund is a registered charity in United States, based in Gladwyne, PA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover social science, 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 March 2023, Global Heritage Fund reported income of $590k and spending of $946k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to March 2023, income fell from $1.1m to $590k (-44%), an average of -14% a year. The sharpest change came in the year to March 2021, when income rose by 440%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Heritage Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include American Institute of Architecture Students Inc ($589k), Frontier Days Inc ($590k) and Friends of the Mansion Inc ($589k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 102% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $186k (20% of expenses). Other salaries and wages came to $108k. At year end it held assets of $325k against liabilities of $55k, net assets of $270k. It reported 4 employees.