Heritage Place of Indianapolis Inc

Analysis

Heritage Place of Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Heritage Place of Indianapolis Inc reported income of $140k and spending of $139k, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $113k to $140k (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Place of Indianapolis Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Network Housing 2005 Inc ($140k), Timber Hills Housing of Tippah County Inc ($140k) and Country Place of Pierz ($140k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 2.1% of the total. At year end it held assets of $45k against liabilities of $2,337, net assets of $42k.