Heritage Foundation

Analysis

Heritage Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation reported income of $88k and spending of $52k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $655k to $88k (-87%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 103%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Foundation 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 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Successful Living Center ($88k), Acapcommunity ($88k) and Food Bank of the Rockies Endowmentfund ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $659k against liabilities of $3,250, net assets of $655k.