Heritage Museum Association Inc

Analysis

Heritage Museum Association Inc is a registered charity in United States, based in Valparaiso, FL. It received its IRS tax-exemption ruling in December 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Heritage Museum Association Inc reported income of $130k and spending of $81k, leaving 37% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $122k to $130k (+6.0%), an average of +2.0% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Museum Association Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Helping Hands ($130k), Cannon Beach Library ($130k) and Grow in America ($130k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 8.4% of the total. Other salaries and wages came to $38k. At year end it held assets of $545k against liabilities of $1,225, net assets of $544k. It reported 2 employees.