Heritage Arts and Science Center Inc

Analysis

Heritage Arts and Science Center Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in November 1991, 35 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, Heritage Arts and Science Center Inc reported income of $64k and spending of $104k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $64k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 160% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Arts and Science Center Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Narberth Community Theatre ($64k), Pomerene Center for the Arts Inc ($64k) and Preservation Foundation of Sumner County ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.