Heritage Fund of Bartholomew County Inc

Analysis

Heritage Fund of Bartholomew County Inc is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Fund of Bartholomew County Inc reported income of $9.7m and spending of $8.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $9.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heritage Fund of Bartholomew County Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Rush County Community Foundation ($9.7m), Englewood Hospital and Medical Center Foundation Inc ($9.7m) and United Way Association of South Carolina Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $204k (2.3% of expenses). Other salaries and wages came to $413k. At year end it held assets of $99.4m against liabilities of $12.6m, net assets of $86.8m. It reported 8 employees.