Townsend Heritage Council Inc

Analysis

Townsend Heritage Council Inc is a registered charity in United States, based in Townsend, TN. It received its IRS tax-exemption ruling in February 1999, 27 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, Townsend Heritage Council Inc reported income of $108k and spending of $74k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $324k to $108k (-67%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Townsend Heritage Council Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Kadva Patidar Samaj Inc ($108k), Deer Path Art League ($108k) and Pine Grove Band Boosters ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.