Irish American Heritage Center

Analysis

Irish American Heritage Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Irish American Heritage Center reported income of $593k and spending of $849k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $593k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irish American Heritage Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Oasis Companies International ($593k), Hungry for Music Inc ($593k) and Benton County Historical Society ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $149k. At year end it held assets of $2.0m against liabilities of $840k, net assets of $1.2m. It reported 40 employees.