Heritage Fields III Inc

Analysis

Heritage Fields III Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Heritage Fields III Inc reported income of $110k and spending of $131k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $97k to $110k (+13%), an average of +4.3% a year. Over the whole period it spent 140% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heritage Fields III Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include Mount Sinai Hospital Endowment Foundation ($110k), Caps of Love ($110k) and Genesee Township Volunteer Fire Department Inc ($110k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$538k.

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.