Heritage Military Music Foundation Inc

Analysis

Heritage Military Music Foundation Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in October 1966, 60 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, Heritage Military Music Foundation Inc reported income of $110k and spending of $77k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $110k (+118%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 84% 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 Military Music Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within WI. Charities of a similar size with the same main cause include West Suburban Symphony Society ($110k), Iskwelahang Pilipino Inc ($110k) and Hopkins County Veterans Memorial ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. At year end it held assets of $826k against liabilities of $5,259, net assets of $821k.