The Heidelberg Project

Analysis

The Heidelberg Project is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, The Heidelberg Project reported income of $139k and spending of $426k, spending 307% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $786k to $139k (-82%), an average of -35% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 115% 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 Heidelberg Project sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Twin Cities Catholic Chorale ($139k), Tucson Pops Orchestra ($139k) and Voice of the City ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $59k (14% of expenses). Other salaries and wages came to $158k. At year end it held assets of $858k against liabilities of $191k, net assets of $667k. It reported 6 employees.