Consistent financial surpluses (e.g., $214,079 revenue vs. $143,266 expenses in 202312).
Zero officer compensation reported across all filings, indicating volunteer leadership.
Strong and growing asset base, reaching $1,455,704 in the latest data.
Minimal to no liabilities reported, demonstrating financial stability.
Long and consistent IRS 990 filing history (14 filings), indicating good transparency and governance.
Spending Breakdown
How Haverhill Heritage Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Haverhill Heritage Inc
Is Haverhill Heritage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Haverhill Heritage Inc (EIN: 20474092) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Haverhill Heritage Inc a good charity to donate to?
Haverhill Heritage Inc has a Mission Score of 92/100. Revenue: $208K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Haverhill Heritage Inc?
The Employer Identification Number (EIN) for Haverhill Heritage Inc is 20474092. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Haverhill Heritage Inc spend its money?
Haverhill Heritage Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Haverhill Heritage Inc's tax-exempt status?
You can verify Haverhill Heritage Inc's tax-exempt status using EIN 20474092 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Haverhill Heritage Inc demonstrates consistent financial health with a strong asset base relative to its annual revenue. In the latest filing (202312), the organization reported revenue of $214,079 against expenses of $143,266, indicating a healthy surplus. Its assets have fluctuated, reaching a high of $1,455,704 in the most recent data provided, suggesting good financial stewardship and potentially significant endowments or property holdings. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds directly for its mission.
The spending efficiency appears robust, with expenses generally well below revenue, allowing for asset growth. For instance, in 202312, expenses were approximately 67% of revenue. The absence of reported liabilities in the latest filing (202312) and minimal liabilities in previous years further underscores financial stability. The organization's consistent filing history over 14 periods also points to good governance and transparency in reporting its financial activities to the IRS.
Overall, Haverhill Heritage Inc appears to be a financially sound and efficiently managed nonprofit. Its consistent surpluses, growing asset base, and lack of executive compensation suggest a strong commitment to its mission and responsible financial practices. The organization's transparency is high, given its regular IRS filings and clear financial statements.