The Heritage Trust for Preservation & Restor of Historic Burlington Ia

Analysis

The Heritage Trust for Preservation & Restor of Historic Burlington Ia is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Trust for Preservation & Restor of Historic Burlington Ia reported income of $91k and spending of $52k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $91k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 29% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Heritage Trust for Preservation & Restor of Historic Burlington Ia sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Leadership Houston Endowment Inc ($91k), Howard County Sponsoring Committee ($91k) and Bixby Development Foundation Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $672k against liabilities of $0, net assets of $672k.