Heritage Fields Inc

Analysis

Heritage Fields Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heritage Fields Inc reported income of $119k and spending of $177k, spending 149% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $113k to $119k (+5.3%), an average of +1.7% a year. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Fields Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Missouri Meadows Community Inc ($119k), Fitzgerald House Inc ($119k) and Kay Goss Apartments Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.2m against liabilities of $2.1m, net assets of -$912k.

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.