Heritage House Inc

Analysis

Heritage House Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in November 2022, 4 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 House Inc reported income of $121k and spending of $134k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $121k (+78%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage House Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Crawford Commons Apartments Inc ($121k), Thi-7 ($121k) and Regroup Carolinas ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (45% of expenses). At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 2 employees.