Dade Heritage Trust Inc

Analysis

Dade Heritage Trust Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1976, 50 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 June 2023, Dade Heritage Trust Inc reported income of $2.9m and spending of $920k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $362k to $2.9m (+701%), an average of +68% a year. The sharpest change came in the year to June 2020, when income rose by 280%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dade Heritage Trust Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include The Albert Baker Fund ($2.9m), Pendle Hill School ($2.9m) and Housing Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $114k. At year end it held assets of $4.9m against liabilities of $875k, net assets of $4.0m. It reported 3 employees.