The Heritage Association of Rogersville

Analysis

The Heritage Association of Rogersville is a registered charity in United States, based in Rogersville, TN. It received its IRS tax-exemption ruling in August 1981, 45 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, The Heritage Association of Rogersville reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $734k to $1.4m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heritage Association of Rogersville 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 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Greensburg ($1.4m), Precede Foundation Inc ($1.4m) and Binghamton Boys Club Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $40k (2.9% of expenses). Other salaries and wages came to $420k. At year end it held assets of $1.1m against liabilities of $609k, net assets of $480k. It reported 52 employees.