The Heritage Museum and Cultural Center

Analysis

The Heritage Museum and Cultural Center is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in November 1965, 61 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, The Heritage Museum and Cultural Center reported income of $148k and spending of $408k, spending 275% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $441k to $148k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Heritage Museum and Cultural Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Institute for Workforce Advancement ($148k), Williamson County Symphony Orchestra Society ($148k) and Iranian American Cultural and Educational Center ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $90k (22% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.6m against liabilities of $25k, net assets of $1.5m. It reported 18 employees.

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.