Heritage Home Educational Society

Analysis

Heritage Home Educational Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Heritage Home Educational Society reported income of $688k and spending of $642k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $688k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Home Educational Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Presidential Place Inc ($688k), Mueller Foundation ($688k) and Good Samaritan Ministries a Project of Carbondale Interfaith Council ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $6.2m against liabilities of $6.1m, net assets of $53k.