The Heritage Management Organizaton Inc

Analysis

The Heritage Management Organizaton Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2015, 11 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, The Heritage Management Organizaton Inc reported income of $445k and spending of $883k, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $377k to $445k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 996%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Heritage Management Organizaton Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Reuseum Educational Inc ($444k), Cultural Heritage Foundation of Southern California Inc ($445k) and Sutter County Parent Network ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 27% of the total. At year end it held assets of $7.6m against liabilities of $570k, net assets of $7.1m.