Heritage Ohio Inc

Analysis

Heritage Ohio Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Ohio Inc reported income of $564k and spending of $620k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $564k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heritage Ohio Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Waipahu Community Association ($564k), Share Charlotte ($565k) and The Watershed Center Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $205k. At year end it held assets of $564k against liabilities of $19k, net assets of $545k. It reported 5 employees.