Waldensian Heritage Foundation Inc

Analysis

Waldensian Heritage Foundation Inc is a registered charity in United States, based in Valdese, NC. It received its IRS tax-exemption ruling in July 2022, 4 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 (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, Waldensian Heritage Foundation Inc reported income of $242k and spending of $163k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.9m to $242k (-87%), an average of -87% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 8.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waldensian Heritage Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Veterans to Farmers ($242k), Diablo Symphony Association ($242k) and Bloomfield Access Television Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $37k. At year end it held assets of $2.0m against liabilities of $25k, net assets of $2.0m. It reported 2 employees.