Presbyterian Heritage Center

Analysis

Presbyterian Heritage Center is a registered charity in United States, based in Montreat, NC. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Presbyterian Heritage Center reported income of $466k and spending of $331k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $466k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Presbyterian Heritage Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Interaction International Inc ($465k), Harvest Church Idaho Inc ($466k) and Operation Resolute Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $467k against liabilities of $0, net assets of $467k.