The Heritage Foundation Inc

Analysis

The Heritage Foundation Inc is a registered charity in United States, based in Thomasville, GA. It received its IRS tax-exemption ruling in July 1991, 35 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 Foundation Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heritage Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Alabama Humanities Alliance ($1.7m), Muncie Boys and Girls Club Inc ($1.7m) and Bay School ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $780k. At year end it held assets of $914k against liabilities of $631k, net assets of $283k. It reported 26 employees.