Heritage Society of New Braunfels Inc

Analysis

Heritage Society of New Braunfels Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 2022, Heritage Society of New Braunfels Inc reported income of $136k and spending of $184k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $178k to $136k (-24%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Society of New Braunfels Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Fidm Museum and Library Inc ($136k), Ripon Chiefs Inc ($136k) and PTA California Congress of Parents Teachers & Students Inc ($136k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 3.3% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.2m against liabilities of $17k, net assets of $1.2m. It reported 2 employees.

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.