Heritage Community Services Inc

Analysis

Heritage Community Services Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Heritage Community Services Inc reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Community Services Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Mary T and James J Hill Library Foundation ($1.3m), Sequoia High School Education Foundation ($1.3m) and Bayaan Academy Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $207k (15% of expenses). Other salaries and wages came to $635k. At year end it held assets of $621k against liabilities of $147k, net assets of $474k. It reported 19 employees.