Washington Memorial Heritage

Analysis

Washington Memorial Heritage is a registered charity in United States, based in Valley Forge, PA. It received its IRS tax-exemption ruling in December 2005, 21 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, Washington Memorial Heritage reported income of $75k and spending of $294k, spending 394% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $75k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Memorial Heritage sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include The National Emergency Medical Services Museum Inc ($75k), Company Company LLC ($75k) and Sweet Adelines International ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (30% of expenses). Other salaries and wages came to $257. At year end it held assets of $62k against liabilities of $17k, net assets of $44k. It reported 2 employees.