Thronateeska Heritage Foundation Inc

Analysis

Thronateeska Heritage Foundation Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in May 1976, 50 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 June 2023, Thronateeska Heritage Foundation Inc reported income of $685k and spending of $786k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $706k to $685k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thronateeska Heritage Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Allen Co Ft Wayne Historical Society Inc ($685k), Enlighten Culture and Education Foundation ($685k) and Chief Joseph Days Rodeo Inc ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $38k (4.8% of expenses). Other salaries and wages came to $244k. At year end it held assets of $7.9m against liabilities of $145k, net assets of $7.7m. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.