Solvang Heritage Associates

Analysis

Solvang Heritage Associates is a registered charity in United States, based in Solvang, CA. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2023, Solvang Heritage Associates reported income of $409k and spending of $381k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $362k to $409k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Solvang Heritage Associates sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Macomb County Historical Society ($409k), Grand Opera House of the South Inc ($409k) and Performing Arts and Science Academy Pasa ($409k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $114k (30% of expenses). Other salaries and wages came to $80k. At year end it held assets of $2.8m against liabilities of $29k, net assets of $2.8m. It reported 5 employees.