Heritage Account Inc

Analysis

Heritage Account Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1982, 44 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 August 2024, Heritage Account Inc reported income of $105k and spending of $12k, leaving 89% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $14k to $105k (+628%), an average of +628% a year. The sharpest change came in the year to August 2024, when income rose by 628%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Account Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MO. Charities of a similar size with the same main cause include Lakes International Language Academy PTO ($105k), Forgotten Eagles Inc ($105k) and Los Cancioneros Master Chorale ($105k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.