Heritage Square Foundation

Analysis

Heritage Square Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heritage Square Foundation reported income of $291k and spending of $363k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $423k to $291k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Square Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include Detroit Theater Organ Society Inc ($291k), Cambodia Town Inc ($291k) and Wichita Falls Backdoor Players ($291k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 46% of the total. Other salaries and wages came to $209k. At year end it held assets of $186k against liabilities of $227k, net assets of -$41k. It reported 13 employees.