Ilwaco Heritage Foundation

Analysis

Ilwaco Heritage Foundation is a registered charity in United States, based in Ilwaco, WA. It received its IRS tax-exemption ruling in August 1984, 42 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, Ilwaco Heritage Foundation reported income of $162k and spending of $225k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $162k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ilwaco Heritage Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Delaware Academy of Science Inc ($162k), Craft Institute ($162k) and Philadelphia Association of Black Journalists ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $113k (50% of expenses). At year end it held assets of $1.5m against liabilities of $5,892, net assets of $1.5m. It reported 5 employees.