Heritage Place Inc

Analysis

Heritage Place Inc is a registered charity in United States, based in Coeur Dalene, ID. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Place Inc reported income of $2.2m and spending of $3.3m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+17%), an average of +3.9% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Place Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within ID. Charities of a similar size with the same main cause include Central California Senior Housing Inc ($2.2m), Largo Landing Elderly Developments ($2.2m) and Homes Build Hope Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Other salaries and wages came to $637k. At year end it held assets of $6.9m against liabilities of $7.3m, net assets of -$406k.