Heights Arts Collaborative Inc

Analysis

Heights Arts Collaborative Inc is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in December 2001, 25 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 August 2023, Heights Arts Collaborative Inc reported income of $424k and spending of $422k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $393k to $424k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heights Arts Collaborative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Friends of the Farm at Hilltop Inc ($424k), Liya International Performing Arts Foundation ($424k) and Willamette Jazz Society ($424k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $141k. At year end it held assets of $223k against liabilities of $27k, net assets of $195k. It reported 13 employees.