Heights Foundation Inc

Analysis

Heights Foundation Inc is a registered charity in United States, based in Ft Myers, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heights Foundation Inc reported income of $2.5m and spending of $1.6m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.4m to $2.5m (-61%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 179%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heights Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Housing Initiatives Inc ($2.5m), Emerging Prairie ($2.5m) and Sullivan 180 Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $143k (9.1% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.1m against liabilities of $76k, net assets of $981k. It reported 2 employees.