African Heritage Inc
EIN: 391979470 · Appleton, WI · NTEE: A230
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $604K |
| Net Assets | $63K |
Is African Heritage Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African Heritage Inc
African Heritage Inc (EIN: 391979470) is a nonprofit organization based in Appleton, WI, classified under NTEE code A230. The organization reported total revenue of $1.2M and total assets of $791K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Heritage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Heritage Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $451K |
| Total Expenses | $604K |
| Surplus / Deficit | $-152,276 |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | -33.7% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, African Heritage Inc reported a deficit of $152K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), African Heritage Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | -0.4% | -70.8% |
| 2022 | +1.9% | +6.9% | -13.8% |
| 2021 | +97.6% | +1066.6% | -2.3% |
| 2020 | +196.4% | -49.7% | +1483.6% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African Heritage Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African Heritage Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $152K, with expenses exceeding revenue.
Frequently Asked Questions about African Heritage Inc
Is African Heritage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, African Heritage Inc (EIN: 391979470) insufficient data. 0 red flags identified, 0 strengths noted.
How does African Heritage Inc spend its money?
Detailed spending breakdown data is not yet available for African Heritage Inc. Check back for updated IRS 990 analysis.
Are donations to African Heritage Inc tax-deductible?
African Heritage Inc is registered as a tax-exempt nonprofit (EIN: 391979470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African Heritage Inc located?
African Heritage Inc is headquartered in Appleton, Wisconsin and files with the IRS under EIN 391979470. It is classified under NTEE code A230.
How many years of IRS 990 filings does African Heritage Inc have?
African Heritage Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for African Heritage Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), African Heritage Inc's revenue has grown by 1095.9%, moving from $38K to $451K. Total assets increased by 271.8% over the same period, from $17K to $63K. Total functional expenses rose by 1897%, from $30K to $604K. In its most recent filing year (2023), African Heritage Inc reported a deficit of $152K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $451K | $604K | $63K | $0 | — | — |
| 2022 | $572K | $606K | $215K | $0 | — | View 990 |
| 2021 | $561K | $567K | $249K | $0 | — | View 990 |
| 2020 | $284K | $49K | $255K | $0 | — | View 990 |
| 2019 | $96K | $97K | $16K | $0 | — | View 990 |
| 2018 | $96K | $97K | $16K | $0 | — | View 990 |
| 2017 | $61K | $67K | $17K | $0 | — | View 990 |
| 2016 | $71K | $66K | $22K | $0 | — | View 990 |
| 2015 | $100K | $94K | $17K | $0 | — | View 990 |
| 2014 | $23K | $24K | $11K | $0 | — | View 990 |
| 2013 | $19K | $15K | $15K | $0 | — | View 990 |
| 2012 | $21K | $26K | $11K | $0 | — | View 990 |
| 2011 | $38K | $30K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $451K, expenses of $604K, and assets of $63K (revenue -21.1% year-over-year).
- 2022: Revenue of $572K, expenses of $606K, and assets of $215K (revenue +1.9% year-over-year).
- 2021: Revenue of $561K, expenses of $567K, and assets of $249K (revenue +97.6% year-over-year).
- 2020: Revenue of $284K, expenses of $49K, and assets of $255K (revenue +196.4% year-over-year).
- 2019: Revenue of $96K, expenses of $97K, and assets of $16K (revenue +0.0% year-over-year).
- 2018: Revenue of $96K, expenses of $97K, and assets of $16K (revenue +55.8% year-over-year).
- 2017: Revenue of $61K, expenses of $67K, and assets of $17K (revenue -13.5% year-over-year).
- 2016: Revenue of $71K, expenses of $66K, and assets of $22K (revenue -28.9% year-over-year).
- 2015: Revenue of $100K, expenses of $94K, and assets of $17K (revenue +334.3% year-over-year).
- 2014: Revenue of $23K, expenses of $24K, and assets of $11K (revenue +21.0% year-over-year).
- 2013: Revenue of $19K, expenses of $15K, and assets of $15K (revenue -8.5% year-over-year).
- 2012: Revenue of $21K, expenses of $26K, and assets of $11K (revenue -44.9% year-over-year).
- 2011: Revenue of $38K, expenses of $30K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Heritage Inc:
Data Sources and Methodology
This transparency report for African Heritage Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.