Pasadena Heritage

Analysis

Pasadena Heritage is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in August 1977, 49 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 December 2023, Pasadena Heritage reported income of $649k and spending of $755k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $549k to $649k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 1975%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pasadena Heritage sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Austin Playhouse ($649k), Lynn Community Television Inc ($649k) and Hindiusa Inc ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $115k (15% of expenses). Other salaries and wages came to $251k. At year end it held assets of $8.7m against liabilities of $25k, net assets of $8.7m. It reported 7 employees.