Heritage Services

Analysis

Heritage Services is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 1989, 37 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, Heritage Services reported income of $1.6m and spending of $1.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.6m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Gadsden Cultural Arts Foundation Inc ($1.6m), Wenatchee Valley Museum and Cultural Center ($1.6m) and Inequality Media ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $658k (59% of expenses). Other salaries and wages came to $184k. At year end it held assets of $6.1m against liabilities of $157k, net assets of $5.9m. It reported 5 employees.