Heurich House Foundation

Analysis

Heurich House Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2003, 23 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, Heurich House Foundation reported income of $903k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $403k to $903k (+124%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 299%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heurich House Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Expressions Learning Arts Academy Inc ($903k), Waterbury Symphony Orchestra Inc ($903k) and Monadnock Media Inc ($903k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). Other salaries and wages came to $432k. At year end it held assets of $8.2m against liabilities of $6.2m, net assets of $2.0m. It reported 35 employees.