The Willamette Heritage Center

Analysis

The Willamette Heritage Center is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in September 1964, 62 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, The Willamette Heritage Center reported income of $962k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $832k to $962k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Willamette Heritage Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Genealogical Society of Pennsylvania ($962k), Princeton Garden Theater ($962k) and Wisconsin Academy of Sciences Arts & Letters ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $87k (7.7% of expenses). Other salaries and wages came to $506k. At year end it held assets of $3.3m against liabilities of $119k, net assets of $3.2m. It reported 19 employees.