Quick charity verification for Heritage Charitable Research Tr (EIN: 206499568)
Verdict: Heritage Charitable Research Tr shows mixed signals
65/100Mission Score
$185KRevenue
$84KAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in assets over the past decade, from $126,609 in 2011 to $90,392 in 2023.
Expenses frequently exceed revenue, indicating reliance on existing assets or inconsistent funding.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
Maintains extremely low liabilities ($1 reported consistently), suggesting strong financial control over debt.
Stable asset base, despite a declining trend, still provides a buffer for operations.
Spending Breakdown
How Heritage Charitable Research Tr 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 Charitable Research Tr
Is Heritage Charitable Research Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Charitable Research Tr (EIN: 206499568) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Heritage Charitable Research Tr a good charity to donate to?
Heritage Charitable Research Tr has a Mission Score of 65/100. Revenue: $185K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Charitable Research Tr?
The Employer Identification Number (EIN) for Heritage Charitable Research Tr is 206499568. 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 Charitable Research Tr spend its money?
Heritage Charitable Research Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Charitable Research Tr's tax-exempt status?
You can verify Heritage Charitable Research Tr's tax-exempt status using EIN 206499568 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 Charitable Research Tr appears to be a very small organization with limited financial activity. Over the past decade, its annual revenue has fluctuated significantly, ranging from a low of $1,663 in 2019 to a high of $21,612 in 2012, with the latest reported revenue at $16,526. Expenses have generally exceeded revenue in most years, leading to a gradual decline in assets from $126,609 in 2011 to $90,392 in 2023. The organization consistently reports zero officer compensation, which is a positive indicator for donor trust regarding executive pay. However, the lack of detailed program spending information in the provided summary makes it difficult to fully assess spending efficiency beyond the overall expense figures.
The organization's financial health is stable but not robust, with assets consistently exceeding liabilities (which are reported as $1 across all filings). The consistent reporting of minimal liabilities suggests good financial management in terms of debt. Given its small scale and consistent reporting of zero officer compensation, the organization demonstrates a basic level of transparency regarding its financial operations. However, without a breakdown of expenses into program, administrative, and fundraising categories, a comprehensive assessment of its spending efficiency and program focus is challenging.