Heritage 21 Foundation

Analysis

Heritage 21 Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage 21 Foundation reported income of $656k and spending of $164k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $656k (+2043%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 1364%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heritage 21 Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Cheder Yaldei Menachem Inc ($656k), Contact We Care Inc ($657k) and Inner Visions Spiritual Life Maintenance Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (66% of expenses). Other salaries and wages came to $4,393. At year end it held assets of $601k against liabilities of $0, net assets of $601k. It reported 2 employees.