Heartland Festival Orchestra

Analysis

Heartland Festival Orchestra is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in November 2009, 17 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 July 2024, Heartland Festival Orchestra reported income of $367k and spending of $455k, spending 124% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $422k to $367k (-13%), an average of -2.8% a year. The sharpest change came in the year to July 2023, when income rose by 36%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Festival Orchestra sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Buffalo County Historical Society ($367k), American Friends of Outset Inc ($367k) and Kingsport Ballet ($367k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 51% and program service revenue 42% of the total. Other salaries and wages came to $39k. At year end it held assets of $215k against liabilities of $845, net assets of $215k. It reported 1 employees.