Heritage Works

Analysis

Heritage Works is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2001, 25 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, Heritage Works reported income of $469k and spending of $581k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $331k to $469k (+41%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Works sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Tibetan Association of Northern California ($469k), Booklyn Incorporated ($469k) and Northern Manhattan Arts Alliance ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). At year end it held assets of $643k against liabilities of $40k, net assets of $603k. It reported 1 employees.