Quick charity verification for Heritage Academy (EIN: 10575727)
Verdict: Heritage Academy appears trustworthy
85/100Mission Score
$528KRevenue
$213KAssets
2Red Flags
3Strengths
Red Flags
Expenses ($627,315) significantly exceeded revenue ($527,522) in the latest fiscal period (202406), indicating an operational deficit.
Assets decreased from $438,078 in 2023 to $212,684 in 2024, a substantial reduction.
Strengths
Consistent reporting of 0% officer compensation across all 14 filings, demonstrating high efficiency in executive pay.
Long operational history with 14 IRS 990 filings, indicating sustained activity and transparency.
Demonstrated revenue growth over the past decade, from $268,577 in 2015 to $527,522 in 2024.
Spending Breakdown
How Heritage Academy allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Heritage Academy
Is Heritage Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Academy (EIN: 10575727) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Heritage Academy a good charity to donate to?
Heritage Academy has a Mission Score of 85/100. Revenue: $528K. Assets: $213K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Academy?
The Employer Identification Number (EIN) for Heritage Academy is 10575727. 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 Heritage Academy spend its money?
Heritage Academy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Academy's tax-exempt status?
You can verify Heritage Academy's tax-exempt status using EIN 10575727 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
Heritage Academy demonstrates a consistent operational history with 14 filings, indicating a commitment to transparency. The organization's revenue has shown growth over the past decade, from $268,577 in 2015 to $527,522 in 2024. However, the latest filing (Period 202406) shows expenses of $627,315 exceeding revenue of $527,522, resulting in a deficit for the year. This contrasts with previous years like 2023 and 2022 where revenue exceeded expenses. While the organization has maintained positive assets, the significant increase in liabilities from $173,639 in 2023 to $109,227 in 2024 (note: this is a decrease, not an increase, from 2023 to 2024, but the 2024 liabilities are still substantial relative to assets) and the recent deficit warrant close monitoring. The consistent reporting of 0% officer compensation across all filings is a strong indicator of financial efficiency and a focus on mission over executive pay.