Heritage Farmstead Association

Analysis

Heritage Farmstead Association is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in April 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, 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 September 2023, Heritage Farmstead Association reported income of $974k and spending of $875k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $792k to $974k (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Farmstead Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Mountain State Spotlight Inc ($974k), Assyrian Club of Urhai Inc ($974k) and Stratton Mountain & Valley Community Benefit Foundation ($973k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $103k (12% of expenses). Other salaries and wages came to $320k. At year end it held assets of $1.2m against liabilities of $62k, net assets of $1.2m. It reported 14 employees.