Heritage Alliance of Northeast Tennessee and Southwest Virginia

Analysis

Heritage Alliance of Northeast Tennessee and Southwest Virginia is a registered charity in United States, based in Jonesborough, TN. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, Heritage Alliance of Northeast Tennessee and Southwest Virginia reported income of $155k and spending of $135k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $168k to $155k (-7.4%), an average of -1.9% a year. Over the whole period it spent 90% 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 Alliance of Northeast Tennessee and Southwest Virginia sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Zenon Dance Company and School Inc ($155k), Namah Ensemble Inc ($155k) and Little Theatre of Wilkes-Barre ($155k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $41k (30% of expenses). Other salaries and wages came to $32k. At year end it held assets of $496k against liabilities of $20k, net assets of $476k. It reported 4 employees.