Heritage Guild of Collin County Texas

Analysis

Heritage Guild of Collin County Texas is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 1979, 47 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 December 2023, Heritage Guild of Collin County Texas reported income of $579k and spending of $472k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $579k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Guild of Collin County Texas sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include North Carolina Health News Inc ($579k), Open Channels New York Inc ($579k) and Philharmonic Society of N E Penna ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $100k. At year end it held assets of $2.2m against liabilities of $44k, net assets of $2.2m. It reported 9 employees.