Heineman-Robicsek Foundation Inc

Analysis

Heineman-Robicsek Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1960, 66 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, Heineman-Robicsek Foundation Inc reported income of $5.9m and spending of $1.8m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.9m (+341%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heineman-Robicsek Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Data & Society Research Institute ($5.9m), Galapagos Conservancy Inc ($5.9m) and Friends of Santa Cruz State Parks ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $53k (2.9% of expenses). Other salaries and wages came to $132k. At year end it held assets of $11.3m against liabilities of $95k, net assets of $11.2m. It reported 5 employees.