Heffter Research Institute

Analysis

Heffter Research Institute is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover science and technology, 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, Heffter Research Institute reported income of $181k and spending of $407k, spending 225% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $946k to $181k (-81%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heffter Research Institute sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Friday After 5 Incorporated ($181k), Dakota Stage Limited ($181k) and Quest Center for Art & Community Development Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $2,025 (0.5% of expenses). At year end it held assets of $619k against liabilities of $476k, net assets of $143k.