Heritage Homes Incorporated

Analysis

Heritage Homes Incorporated is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 Homes Incorporated reported income of $90k and spending of $54k, leaving 40% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $95k to $90k (-5.7%), an average of -5.7% a year. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Homes Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AR. Charities of a similar size with the same main cause include Yellowstone County 4-H Council ($90k), Bay Music Boosters ($90k) and Coppini Academy of Fine Arts ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $402k against liabilities of $2,138, net assets of $400k.