Heights Foundation Inc

Analysis

Heights Foundation Inc is a registered charity in United States, based in Ft Myers, FL. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Heights Foundation Inc reported income of $827k and spending of $759k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $827k (-90%), an average of -44% a year. The sharpest change came in the year to June 2022, when income rose by 225%. Over the whole period it spent 9.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heights Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Boonescreek Historical Trust ($827k), Butte Center for the Performing Arts Inc ($828k) and Beverly Cable and Telecommunications Corporation ($826k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 20% of the total. Other salaries and wages came to $28k. At year end it held assets of $17.7m against liabilities of $2.4m, net assets of $15.3m.