Heartland Museum Foundation Inc

Analysis

Heartland Museum Foundation Inc is a registered charity in United States, based in Clarion, IA. It received its IRS tax-exemption ruling in July 1999, 27 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, Heartland Museum Foundation Inc reported income of $91k and spending of $50k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $91k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Museum Foundation Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Casa Argentina de Houston ($91k), Amana Artists Guild ($91k) and Hromovytsia Ukrainian Dance Ensemble ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $6,286 (13% of expenses). Other salaries and wages came to $1,248. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 3 employees.