Heritage Group Homes Inc

Analysis

Heritage Group Homes Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Group Homes Inc reported income of $7.9m and spending of $5.4m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Group Homes Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Strafford Learning Center ($7.9m), Brackens Kitchen Inc ($7.9m) and Oyster Recovery Partnership Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $237k (4.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $20.1m against liabilities of $4.3m, net assets of $15.8m. It reported 41 employees.