Heritage Community Initiatives

Analysis

Heritage Community Initiatives is a registered charity in United States, based in Braddock, PA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Heritage Community Initiatives reported income of $5.6m and spending of $5.8m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.5m to $5.6m (+63%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heritage Community Initiatives sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Evergreen Elm Inc ($5.6m), H Street Clinic Inc ($5.6m) and Childrens Center Early Intervention and Family Support ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $207k (3.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.5m against liabilities of $806k, net assets of $2.7m. It reported 80 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.