South Bend Heritage Foundation Inc

Analysis

South Bend Heritage Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, South Bend Heritage Foundation Inc reported income of $5.4m and spending of $4.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $5.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Bend Heritage Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Easter Seals West Georgia Inc ($5.4m), Tempe Community Action Agency Inc ($5.4m) and Alliance for a Just Society ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 58% of the total. Other salaries and wages came to $868k. At year end it held assets of $23.5m against liabilities of $9.9m, net assets of $13.6m. It reported 33 employees.