The Labor Heritage Foundation

Analysis

The Labor Heritage Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, The Labor Heritage Foundation reported income of $178k and spending of $183k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $178k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Labor Heritage Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 28th percentile within DC. Charities of a similar size with the same main cause include Nathan G Richman Fund 1 ($178k), H E L P Inc - Hope Empathy Love and Prayer ($178k) and Beloved Arise ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.