Quick charity verification for Heritage Farm Inc (EIN: 161250913)
Verdict: Heritage Farm Inc appears trustworthy
90/100Mission Score
$2.1MRevenue
$2.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent operational surpluses, such as the $442,302 surplus in 2023, indicating strong financial management.
Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
Steady growth in net assets, from $1,996,294 in 2020 to $2,471,564 in 2023, enhancing long-term stability.
Consistent filing of IRS 990s over 13 periods, demonstrating strong commitment to transparency and compliance.
Low liabilities relative to assets, with liabilities at $326,628 against assets of $2,471,564 in 2023, indicating a healthy balance sheet.
Spending Breakdown
How Heritage Farm Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Farm Inc
Is Heritage Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Farm Inc (EIN: 161250913) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Heritage Farm Inc a good charity to donate to?
Heritage Farm Inc has a Mission Score of 90/100. Revenue: $2.1M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Farm Inc?
The Employer Identification Number (EIN) for Heritage Farm Inc is 161250913. 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 Farm Inc spend its money?
Heritage Farm Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Farm Inc's tax-exempt status?
You can verify Heritage Farm Inc's tax-exempt status using EIN 161250913 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 Farm Inc demonstrates consistent financial health with a positive trend in net assets over the past several years. In the 2023 fiscal period, the organization reported revenue of $2,076,416 against expenses of $1,634,114, resulting in a significant surplus that contributed to an increase in assets to $2,471,564. This surplus indicates effective financial management and a strong capacity to fund its operations.
The organization's spending efficiency appears robust, with expenses generally well-managed relative to revenue. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests that the majority of funds are being directed towards its mission, given the consistent operational surpluses. The absence of reported officer compensation across all filings indicates a high level of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries.
Heritage Farm Inc's transparency is commendable, particularly with the consistent reporting of 0% officer compensation. This practice, if it means no compensation is paid to officers, significantly enhances trust and signals that leadership is either volunteer-based or compensated through other means not categorized as officer compensation. The consistent filing history further supports a commitment to public accountability.