Bruce J Heim Foundation
Bruce J Heim Foundation consistently spends more than it earns, relying on its $2.4 million in assets.
EIN: 133389060 · Metairie, LA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $648K |
| Total Expenses | $216K |
| Program Spending | 85% |
| Net Assets | $2.4M |
| Transparency Score | 75/100 |
Is Bruce J Heim Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bruce J Heim Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bruce J Heim Foundation
Bruce J Heim Foundation (EIN: 133389060) is a nonprofit organization based in Metairie, LA. The organization reported total revenue of $648K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bruce J Heim Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bruce J Heim Foundation is a small nonprofit that has been operating for 38 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $216K |
| Surplus / Deficit | $-44,362 |
| Total Assets | $2.4M |
| Total Liabilities | $598 |
| Net Assets | $2.4M |
| Operating Margin | -25.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.5 months |
Financial Health Grade: B
In 2023, Bruce J Heim Foundation reported a deficit of $44K with expenses exceeding revenue, holds 134.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Bruce J Heim Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.6% | -4.2% | -4.0% |
| 2022 | -10.3% | -27.4% | +8.5% |
| 2021 | +7619.2% | +1669.7% | +4.6% |
| 2020 | -97.0% | -90.5% | -0.5% |
| 2020 | -5.1% | -7.9% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bruce J Heim Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bruce J Heim Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bruce J Heim Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, such as $215,540 expenses vs. $171,178 revenue in 202312.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided data makes a full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Bruce J Heim Foundation:
- Zero reported officer compensation across all filings, indicating highly efficient administrative costs.
- Stable asset base of approximately $2.4 million, providing a significant endowment.
- Very low liabilities, consistently under $1,000, suggesting strong financial control.
- Long history of IRS 990 filings (11 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Bruce J Heim Foundation
Is Bruce J Heim Foundation a legitimate charity?
Bruce J Heim Foundation (EIN: 133389060) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $648K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bruce J Heim Foundation spend its money?
Bruce J Heim Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bruce J Heim Foundation tax-deductible?
Bruce J Heim Foundation is registered as a tax-exempt nonprofit (EIN: 133389060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bruce J Heim Foundation's spending goes to programs?
Bruce J Heim Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bruce J Heim Foundation located?
Bruce J Heim Foundation is headquartered in Metairie, Louisiana and files with the IRS under EIN 133389060.
How many years of IRS 990 filings does Bruce J Heim Foundation have?
Bruce J Heim Foundation has 11 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 $648K in total revenue.
Is the Bruce J Heim Foundation financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $215,540 expenses vs. $171,178 revenue in 202312). While its assets of $2,456,504 provide a buffer, this trend suggests a reliance on drawing down its endowment rather than operational self-sufficiency. Long-term sustainability depends on the rate of asset depletion relative to investment returns and future revenue generation.
What is the primary source of the foundation's revenue?
The provided data shows fluctuating revenue figures, from $5,331 in 202012 to $411,509 in 202112. Without specific details on revenue streams (e.g., investment income, contributions), it's difficult to pinpoint the primary source. However, given the asset base, investment income is likely a significant component.
How does the foundation manage its liabilities?
The foundation consistently reports very low liabilities, typically under $1,000 (e.g., $598 in 202312 and 202212). This indicates sound financial management with minimal debt or outstanding obligations.
Filing History
IRS 990 filing history for Bruce J Heim Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Bruce J Heim Foundation's revenue has grown by 88.8%, moving from $91K to $171K. Total assets decreased by 3.9% over the same period, from $2.5M to $2.4M. Total functional expenses rose by 54%, from $140K to $216K. In its most recent filing year (2023), Bruce J Heim Foundation reported a deficit of $44K, with expenses exceeding revenue. The organization holds $598 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $216K | $2.4M | $598 | — | — |
| 2022 | $369K | $225K | $2.5M | $598 | — | View 990 |
| 2021 | $412K | $310K | $2.3M | $659 | — | View 990 |
| 2020 | $5K | $18K | $2.2M | $650 | — | View 990 |
| 2020 | $177K | $184K | $2.2M | $430 | — | View 990 |
| 2019 | $186K | $200K | $2.2M | $402 | — | View 990 |
| 2015 | $25K | $155K | $2.6M | $307 | — | View 990 |
| 2014 | $23K | $155K | $2.8M | $338 | — | View 990 |
| 2013 | $43K | $151K | $2.9M | $343 | — | View 990 |
| 2012 | $42K | $144K | $2.6M | $320 | — | View 990 |
| 2011 | $91K | $140K | $2.5M | $321 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $216K, and assets of $2.4M (revenue -53.6% year-over-year).
- 2022: Revenue of $369K, expenses of $225K, and assets of $2.5M (revenue -10.3% year-over-year).
- 2021: Revenue of $412K, expenses of $310K, and assets of $2.3M (revenue +7619.2% year-over-year).
- 2020: Revenue of $5K, expenses of $18K, and assets of $2.2M (revenue -97.0% year-over-year).
- 2020: Revenue of $177K, expenses of $184K, and assets of $2.2M (revenue -5.1% year-over-year).
- 2019: Revenue of $186K, expenses of $200K, and assets of $2.2M (revenue +651.0% year-over-year).
- 2015: Revenue of $25K, expenses of $155K, and assets of $2.6M (revenue +8.0% year-over-year).
- 2014: Revenue of $23K, expenses of $155K, and assets of $2.8M (revenue -46.2% year-over-year).
- 2013: Revenue of $43K, expenses of $151K, and assets of $2.9M (revenue +0.9% year-over-year).
- 2012: Revenue of $42K, expenses of $144K, and assets of $2.6M (revenue -53.4% year-over-year).
- 2011: Revenue of $91K, expenses of $140K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bruce J Heim Foundation:
Data Sources and Methodology
This transparency report for Bruce J Heim Foundation 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.