Is Heritage Park Preschool Legit?

Strengths

Consistent 0% officer compensation across all filings, indicating high dedication to mission spending.
Strong revenue growth from $299,792 in 2013 to $669,503 in 2023.
Excellent financial health with growing assets ($229,878 in 2023) and minimal to zero liabilities.
High spending efficiency, with expenses closely matching revenue, suggesting funds are directly applied to programs.
Clear mission focus as a preschool (NTEE B21) with financial data supporting direct program delivery.

Spending Breakdown

How Heritage Park Preschool allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Preschool

Is Heritage Park Preschool a legitimate charity?

Based on AI analysis of IRS 990 filings, Heritage Park Preschool (EIN: 141843125) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Heritage Park Preschool a good charity to donate to?

Heritage Park Preschool has a Mission Score of 95/100. Revenue: $660K. Assets: $203K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Heritage Park Preschool?

The Employer Identification Number (EIN) for Heritage Park Preschool is 141843125. 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 Preschool spend its money?

Heritage Park Preschool allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Heritage Park Preschool's tax-exempt status?

You can verify Heritage Park Preschool's tax-exempt status using EIN 141843125 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 Preschool demonstrates a generally healthy financial position with consistent revenue growth over the past decade, increasing from $299,792 in 2013 to $669,503 in 2023. The organization consistently spends nearly all of its revenue on its mission, as evidenced by expenses closely tracking revenue, such as $664,938 in expenses against $669,503 in revenue in 2023. This indicates efficient use of funds directly for its programs. The organization also maintains a strong balance sheet with growing assets, reaching $229,878 in 2023, and remarkably low liabilities, often reported as $0 or negligible, suggesting sound financial management and minimal debt burden.

Spending efficiency appears high, with a significant portion of expenses likely dedicated to program services given the nature of a preschool and the absence of reported officer compensation. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice, combined with a clear NTEE code (B21 - Preschools, Child Day Care), suggests a focused approach to its educational mission.

Overall, Heritage Park Preschool exhibits strong financial health, high spending efficiency, and excellent transparency regarding executive compensation. Its consistent growth in revenue and assets, coupled with minimal liabilities and a clear dedication to program spending, positions it as a financially sound and well-managed nonprofit.

Verdict: Heritage Park Preschool appears trustworthy