Susquehanna Heritage Corporation

Analysis

Susquehanna Heritage Corporation is a registered charity in United States, based in Wrightsville, PA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Susquehanna Heritage Corporation reported income of $3.8m and spending of $1.4m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $880k to $3.8m (+336%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Susquehanna Heritage Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Fresh Ministries Inc ($3.8m), Washington State Microenterprise Association ($3.8m) and Capitalplus Exchange Corporation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $318k (22% of expenses). Other salaries and wages came to $449k. At year end it held assets of $9.3m against liabilities of $2.1m, net assets of $7.2m. It reported 24 employees.