Clay County Heritage

Analysis

Clay County Heritage is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, Clay County Heritage reported income of $126k and spending of $136k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $126k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clay County Heritage sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Benedictine Manor II ($126k), Finding Hope ($126k) and American Legion Auxiliary Girls State Dept of Ne ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $36k (27% of expenses). Other salaries and wages came to $16k. At year end it held assets of $2.0m against liabilities of $30k, net assets of $2.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.