Heritage Library Foundation Inc

Analysis

Heritage Library Foundation Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in February 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 Library Foundation Inc reported income of $311k and spending of $297k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $311k (+0.6%), an average of +0.2% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Library Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Emerging Venture Capitalists Association ($311k), Hawaii Interscholastic Athletic Directors Association ($312k) and Sponsors for Academic Talent Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). At year end it held assets of $597k against liabilities of $131k, net assets of $466k.