Paramount Heritage Foundation Inc

Analysis

Paramount Heritage Foundation Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2024, Paramount Heritage Foundation Inc reported income of $963k and spending of $831k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $485k to $963k (+99%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paramount Heritage Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include The Byrd Theatre Foundation ($963k), The New York City Arts-In-Education Roundtable Inc ($963k) and Treobytes Inc ($963k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $85k (10% of expenses). Other salaries and wages came to $217k. At year end it held assets of $2.7m against liabilities of $329k, net assets of $2.4m. It reported 14 employees.