Heritage Retreats Inc

Analysis

Heritage Retreats Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Retreats Inc reported income of $841k and spending of $631k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $841k (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Retreats Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Special Ed Academy of Deal Inc ($841k), Skidompha Library Assoc ($841k) and Portsmouth Free Public Library Association ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $38k. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $950k. It reported 2 employees.