Heritage Sylvania Inc

Analysis

Heritage Sylvania Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in July 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, Heritage Sylvania Inc reported income of $208k and spending of $190k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $200k to $208k (+3.7%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 97% 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 Sylvania Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Boerne Community Theatre ($208k), Sro Fund ($208k) and Rise Up School of Dance ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $21k (11% of expenses). Other salaries and wages came to $7,109. At year end it held assets of $112k against liabilities of $2,682, net assets of $110k. It reported 8 employees.