Heritage Centre Association Inc

Analysis

Heritage Centre Association Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in June 2008, 18 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, Heritage Centre Association Inc reported income of $164k and spending of $129k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $164k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heritage Centre Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Makers Hub ($164k), DC Peace Team ($164k) and Quality of Life Coalition Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Other salaries and wages came to $54k. At year end it held assets of $192k against liabilities of $449, net assets of $192k. It reported 1 employees.