McCreary County Heritage Foundation Inc

Analysis

McCreary County Heritage Foundation Inc is a registered charity in United States, based in Stearns, KY. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, McCreary County Heritage Foundation Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McCreary County Heritage Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Americas Foundation of the Serpentine Galleries ($1.8m), Kalani Honua Inc ($1.8m) and Create in Chinatown Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Other salaries and wages came to $300k. At year end it held assets of $7.9m against liabilities of $1.8m, net assets of $6.1m. It reported 31 employees.