Heritage Grove Inc

Analysis

Heritage Grove Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in April 2000, 26 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 Grove Inc reported income of $148k and spending of $209k, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $133k to $148k (+11%), an average of +3.5% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Grove Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Hope Housing Foundation ($148k), Dewitt Village Inc ($148k) and Asi McAlester Inc ($148k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $10k. At year end it held assets of $613k against liabilities of $1.7m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.