Cultural Heritage Preservation Fund
Cultural Heritage Preservation Fund faces persistent operating deficits despite substantial assets.
EIN: 201442065 · Houston, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.4M |
| Total Expenses | $473K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $6.6M |
| Transparency Score | 45/100 |
Is Cultural Heritage Preservation Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cultural Heritage Preservation Fund directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Cultural Heritage Preservation Fund
Cultural Heritage Preservation Fund (EIN: 201442065) is a nonprofit organization based in Houston, TX, classified under NTEE code T20. The organization reported total revenue of $8.4M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cultural Heritage Preservation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cultural Heritage Preservation Fund is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $473K |
| Surplus / Deficit | $-305,828 |
| Total Assets | $6.6M |
| Total Liabilities | $1 |
| Net Assets | $6.6M |
| Operating Margin | -182.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.2 months |
Financial Health Grade: B
In 2023, Cultural Heritage Preservation Fund reported a deficit of $306K with expenses exceeding revenue, holds 166.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cultural Heritage Preservation Fund's revenue has declined at a compound annual growth rate (CAGR) of -24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3115.8% | -59.3% | -4.5% |
| 2022 | -99.8% | +9.1% | -14.4% |
| 2020 | -111.2% | -28.3% | -17.7% |
| 2019 | +633.6% | +28.7% | +55.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Cultural Heritage Preservation Fund with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Cultural Heritage Preservation Fund allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $306K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with assets exceeding $8 million and significant annual expenses, suggesting either a fully volunteer leadership or that compensation is categorized differently.
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 Cultural Heritage Preservation Fund's IRS 990 filings:
- Persistent and significant operating deficits (e.g., 2023 expenses $473,468 vs. revenue $167,640; 2022 expenses $1,163,451 vs. revenue $5,213).
- Highly volatile revenue streams, including a negative revenue figure in 2020 ($-323,607).
- Unusual reporting of 0% officer compensation across all filings for an organization with over $8 million in assets.
- Expenses frequently exceeding revenue by a large margin, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Cultural Heritage Preservation Fund:
- Substantial asset base ($8,543,674 latest) provides a buffer against immediate insolvency.
- Long filing history (10 filings) indicates consistent reporting to the IRS.
Frequently Asked Questions about Cultural Heritage Preservation Fund
Is Cultural Heritage Preservation Fund a legitimate charity?
Cultural Heritage Preservation Fund (EIN: 201442065) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.4M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cultural Heritage Preservation Fund spend its money?
Cultural Heritage Preservation Fund directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Cultural Heritage Preservation Fund tax-deductible?
Cultural Heritage Preservation Fund is registered as a tax-exempt nonprofit (EIN: 201442065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cultural Heritage Preservation Fund CEO make?
Cultural Heritage Preservation Fund's highest-compensated officer earns $8 annually. The organization reported $8.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cultural Heritage Preservation Fund's spending goes to programs?
Cultural Heritage Preservation Fund directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Cultural Heritage Preservation Fund compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Cultural Heritage Preservation Fund is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cultural Heritage Preservation Fund located?
Cultural Heritage Preservation Fund is headquartered in Houston, Texas and files with the IRS under EIN 201442065. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cultural Heritage Preservation Fund have?
Cultural Heritage Preservation Fund has 10 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 $8.4M in total revenue.
Is Cultural Heritage Preservation Fund financially sustainable?
The organization's financial sustainability is questionable given the consistent and significant operating deficits in recent years. For instance, in 2023, expenses were nearly three times revenue, and in 2022, expenses were over 200 times revenue. This trend suggests an unsustainable reliance on existing assets or other non-operating income.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and could indicate a fully volunteer-led organization, or that executive compensation is reported under other expense categories, which would reduce transparency in that area.
What caused the negative revenue in 2020?
The negative revenue of $-323,607 in 2020 is a significant anomaly and could be due to substantial returns of contributions, accounting adjustments, or other unusual financial events. This warrants further investigation to understand the organization's financial practices.
Filing History
IRS 990 filing history for Cultural Heritage Preservation Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cultural Heritage Preservation Fund's revenue has declined by 96.7%, moving from $5.1M to $168K. Total assets increased by 19.7% over the same period, from $5.5M to $6.6M. Total functional expenses fell by 64.9%, from $1.3M to $473K. In its most recent filing year (2023), Cultural Heritage Preservation Fund reported a deficit of $306K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $473K | $6.6M | $1 | — | — |
| 2022 | $5K | $1.2M | $6.9M | $1 | — | View 990 |
| 2021 | $2.8M | $1.1M | $8.0M | $1 | — | — |
| 2020 | $-323,607 | $1.0M | $6.3M | $1 | — | — |
| 2019 | $2.9M | $1.4M | $7.6M | $0 | — | View 990 |
| 2015 | $394K | $1.1M | $4.9M | $0 | — | View 990 |
| 2014 | $340K | $1.8M | $5.6M | $0 | — | View 990 |
| 2013 | $159K | $1.8M | $7.0M | $0 | — | View 990 |
| 2012 | $4.8M | $1.7M | $8.7M | $0 | — | View 990 |
| 2011 | $5.1M | $1.3M | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $473K, and assets of $6.6M (revenue +3115.8% year-over-year).
- 2022: Revenue of $5K, expenses of $1.2M, and assets of $6.9M (revenue -99.8% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.1M, and assets of $8.0M.
- 2020: Revenue of $-323,607, expenses of $1.0M, and assets of $6.3M (revenue -111.2% year-over-year).
- 2019: Revenue of $2.9M, expenses of $1.4M, and assets of $7.6M (revenue +633.6% year-over-year).
- 2015: Revenue of $394K, expenses of $1.1M, and assets of $4.9M (revenue +15.8% year-over-year).
- 2014: Revenue of $340K, expenses of $1.8M, and assets of $5.6M (revenue +113.9% year-over-year).
- 2013: Revenue of $159K, expenses of $1.8M, and assets of $7.0M (revenue -96.7% year-over-year).
- 2012: Revenue of $4.8M, expenses of $1.7M, and assets of $8.7M (revenue -5.3% year-over-year).
- 2011: Revenue of $5.1M, expenses of $1.3M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cultural Heritage Preservation Fund:
Data Sources and Methodology
This transparency report for Cultural Heritage Preservation Fund 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.