Quick charity verification for Heritage Park (EIN: 201917219)
Verdict: Heritage Park shows mixed signals
40/100Mission Score
$61KRevenue
$668KAssets
4Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in every reported year, e.g., $79,487 expenses vs. $51,797 revenue in 2023).
Declining asset base over time (from $947,389 in 2014 to $690,396 in 2023).
High liabilities consistently exceeding total assets (e.g., $1,095,808 liabilities vs. $690,396 assets in 2023), indicating a negative net asset position.
Potential solvency issues due to the significant imbalance between assets and liabilities.
Strengths
Zero officer compensation reported, indicating efficient use of funds at the executive level.
Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Long operating history (13 filings available), suggesting a dedicated mission.
Spending Breakdown
How Heritage Park 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 Park
Is Heritage Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Park (EIN: 201917219) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
Is Heritage Park a good charity to donate to?
Heritage Park has a Mission Score of 40/100. Revenue: $61K. Assets: $668K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heritage Park?
The Employer Identification Number (EIN) for Heritage Park is 201917219. 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 Park spend its money?
Heritage Park allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heritage Park's tax-exempt status?
You can verify Heritage Park's tax-exempt status using EIN 201917219 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 Park, despite its long operating history, consistently spends more than it brings in, as evidenced by its 2023 revenue of $51,797 against expenses of $79,487. This trend of deficit spending is not new; in 2022, revenue was $53,187 while expenses were $88,212, and in 2021, revenue was $48,619 against expenses of $91,727. This consistent operational deficit has led to a steady decline in assets, from $947,389 in 2014 to $690,396 in 2023. The organization's liabilities have remained consistently high, hovering around $1 million, significantly exceeding its assets. This financial structure suggests a reliance on debt or restricted funds that are not being adequately covered by operational revenue.
The organization's financial health appears precarious due to its persistent operating deficits and declining asset base. While the lack of officer compensation indicates a volunteer-led or minimally compensated leadership, which can be a positive for program efficiency, it does not offset the fundamental imbalance between revenue and expenses. The NTEE code L21 (Historical Societies and Historic Preservation) suggests a mission that typically requires significant resources for maintenance and programming, which may be challenging to sustain with current financial trends. Without a clear strategy to increase revenue or significantly reduce expenses, Heritage Park faces ongoing financial challenges.
Transparency is generally good, with consistent 990 filings over many years. However, the financial statements consistently show a negative net asset position, with liabilities significantly exceeding assets (e.g., $1,095,808 in liabilities vs. $690,396 in assets in 2023). This indicates a long-term solvency issue that warrants closer examination. The absence of officer compensation is a positive transparency indicator regarding executive pay.