Heritage Preservation Inc

Analysis

Heritage Preservation Inc is a registered charity in United States, based in River Heights, UT. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Preservation Inc reported income of $586k and spending of $110k, leaving 81% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $588k to $586k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 274%. Over the whole period it spent 5.0% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heritage Preservation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Growing High Point ($586k), Upper Kittitas County Community Recreation Center Alliance ($587k) and Cheatham County Community Enhancement Coalition ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 10% of the total. At year end it held assets of $6.4m against liabilities of $921k, net assets of $5.5m.