Heritage Radio Network Inc

Analysis

Heritage Radio Network Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Heritage Radio Network Inc reported income of $266k and spending of $773k, spending 291% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $498k to $266k (-47%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 131% 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 Radio Network Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Yuma County Historical Society Inc ($266k), River Arts Inc ($266k) and Dona Ana Arts Council Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.7% of the total. Other salaries and wages came to $401k. At year end it held assets of $544k against liabilities of $1.0m, net assets of -$460k. It reported 12 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.