IRISH AMERICAN HERITAGE CENTER
Mission Statement
The mission of the Irish American Heritage Center is to nurture and strengthen Irish culture and heritage through programs emphasizing Irish music, literature, drama, education, traditional dance, fine arts and the constructive contributions of the Irish and Irish-Americans to the United States of America. The Irish American Heritage Center supports this mission by maintaining its resources, including the Museum, Library, Art Gallery and other programs and partnerships, while providing a gathering place for the Irish-American community and those interested in Irish culture. The Irish American Heritage Center is one of the premiere Irish cultural organizations in the United States. It is a destination for people of Irish descent as well as those who wish to learn more about Irish heritage.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
67.8% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
22.1% | 14.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
18.8% | 28.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
17.1 mo | 10.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
41.0% | 1.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.3% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-32.7% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-1.6% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-43.1% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $593K | $849K | $1.2M | 67.8% | 40 |
| 2022 | $882K | $863K | $1.5M | 55.7% | 43 |
| 2021 | $1.2M | $610K | $1.4M | 66.7% | 36 |
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