Goldbelt Heritage Foundation

Analysis

Goldbelt Heritage Foundation is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in December 2004, 22 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, Goldbelt Heritage Foundation reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.8m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Goldbelt Heritage Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include Seattle Arts and Lectures Inc ($2.8m), National Sailing Hall of Fame Museum Inc ($2.8m) and Friends of Garfield Park Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $135k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $638k against liabilities of $217k, net assets of $421k. It reported 38 employees.