Beaver Area Heritage Foundation

Analysis

Beaver Area Heritage Foundation is a registered charity in United States, based in Beaver, PA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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, Beaver Area Heritage Foundation reported income of $416k and spending of $456k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $346k to $416k (+20%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaver Area Heritage Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Dallas Area Parkinson Society ($416k), Volunteers of America Inc ($416k) and Montana United Indian Association ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Other salaries and wages came to $120k. At year end it held assets of $2.6m against liabilities of $83k, net assets of $2.5m. It reported 3 employees.

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.