Duluth Area Family Ymca Heritage Foundation Inc
Duluth Area Family YMCA Heritage Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 200956455 · Duluth, MN · NTEE: P27 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $71K |
| Program Spending | 90% |
| Net Assets | $8.7M |
| Transparency Score | 95/100 |
Is Duluth Area Family Ymca Heritage Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duluth Area Family Ymca Heritage Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Duluth Area Family Ymca Heritage Foundation Inc
Duluth Area Family Ymca Heritage Foundation Inc (EIN: 200956455) is a nonprofit organization based in Duluth, MN, classified under NTEE code P27. The organization reported total revenue of $2.8M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duluth Area Family Ymca Heritage Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Duluth Area Family Ymca Heritage Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $71K |
| Surplus / Deficit | +$418K |
| Total Assets | $8.7M |
| Total Liabilities | $525 |
| Net Assets | $8.7M |
| Operating Margin | 85.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1473.1 months |
Financial Health Grade: A
In 2023, Duluth Area Family Ymca Heritage Foundation Inc reported a surplus of $418K with revenue exceeding expenses, holds 1473.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Duluth Area Family Ymca Heritage Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | +56.0% | +12.1% |
| 2022 | -5.4% | -56.9% | -5.3% |
| 2021 | +12.7% | +87.4% | +11.1% |
| 2020 | -34.5% | -47.8% | +12.8% |
| 2019 | +63.3% | -8.9% | +13.5% |
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 Duluth Area Family Ymca Heritage Foundation Inc with a Mission Score of 95 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Duluth Area Family Ymca Heritage Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $418K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization operates with volunteer leadership or that compensation is handled by the main YMCA entity, which is a positive sign for donor confidence and resource allocation.
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.
Strengths
The following positive indicators were identified for Duluth Area Family Ymca Heritage Foundation Inc:
- Consistent asset growth, from $4.8M in 2014 to $8.7M in 2023, indicating strong financial management.
- Extremely low expense ratio relative to revenue, demonstrating high operational efficiency (e.g., $71,131 expenses vs. $488,740 revenue in 2023).
- Zero officer compensation reported across all filings, suggesting volunteer leadership or compensation handled by the main YMCA, enhancing donor trust.
- Clear mission as a heritage foundation, focused on long-term support for the Duluth Area Family YMCA.
- Consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Duluth Area Family Ymca Heritage Foundation Inc
Is Duluth Area Family Ymca Heritage Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Duluth Area Family Ymca Heritage Foundation Inc (EIN: 200956455) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Duluth Area Family Ymca Heritage Foundation Inc spend its money?
Duluth Area Family Ymca Heritage Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Duluth Area Family Ymca Heritage Foundation Inc tax-deductible?
Duluth Area Family Ymca Heritage Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200956455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Duluth Area Family Ymca Heritage Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Duluth Area Family Ymca Heritage Foundation Inc is above average for NTEE category P27 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Duluth Area Family Ymca Heritage Foundation Inc located?
Duluth Area Family Ymca Heritage Foundation Inc is headquartered in Duluth, Minnesota and files with the IRS under EIN 200956455. It is classified under NTEE code P27.
How many years of IRS 990 filings does Duluth Area Family Ymca Heritage Foundation Inc have?
Duluth Area Family Ymca Heritage Foundation 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 $2.8M in total revenue.
Is Duluth Area Family Ymca Heritage Foundation Inc. a good charity?
Yes, as a heritage foundation, it appears to be a very good charity. It consistently grows its assets (from $4.8M in 2014 to $8.7M in 2023) with minimal expenses, indicating strong financial stewardship and a clear focus on its mission to support the Duluth Area Family YMCA.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, consistently reporting very low expenses relative to its revenue. For example, in 2023, expenses were only $71,131 against $488,740 in revenue, demonstrating high efficiency in its operations.
What is the primary financial activity of this organization?
The primary financial activity is the growth and management of an endowment. This is evidenced by consistent asset growth and revenues that significantly exceed expenses, suggesting reinvestment and long-term financial planning to support the Duluth Area Family YMCA.
Filing History
IRS 990 filing history for Duluth Area Family Ymca Heritage Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Duluth Area Family Ymca Heritage Foundation Inc's revenue has declined by 57.6%, moving from $1.2M to $489K. Total assets increased by 140.7% over the same period, from $3.6M to $8.7M. Total functional expenses fell by 75.8%, from $294K to $71K. In its most recent filing year (2023), Duluth Area Family Ymca Heritage Foundation Inc reported a surplus of $418K, with revenue exceeding expenses. The organization holds $525 in liabilities against $8.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $71K | $8.7M | $525 | — | — |
| 2022 | $560K | $46K | $7.8M | $0 | — | — |
| 2021 | $591K | $106K | $8.2M | $54K | — | View 990 |
| 2020 | $525K | $56K | $7.4M | $2K | — | View 990 |
| 2019 | $801K | $108K | $6.6M | $6K | — | View 990 |
| 2018 | $490K | $119K | $5.8M | $4K | — | View 990 |
| 2017 | $503K | $268K | $5.8M | $85K | — | View 990 |
| 2016 | $374K | $267K | $5.2M | $70K | — | View 990 |
| 2015 | $701K | $170K | $5.1M | $84K | — | View 990 |
| 2014 | $608K | $180K | $4.8M | $50K | — | View 990 |
| 2013 | $335K | $136K | $4.4M | $18K | — | View 990 |
| 2012 | $170K | $124K | $3.9M | $82K | — | View 990 |
| 2011 | $1.2M | $294K | $3.6M | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $71K, and assets of $8.7M (revenue -12.7% year-over-year).
- 2022: Revenue of $560K, expenses of $46K, and assets of $7.8M (revenue -5.4% year-over-year).
- 2021: Revenue of $591K, expenses of $106K, and assets of $8.2M (revenue +12.7% year-over-year).
- 2020: Revenue of $525K, expenses of $56K, and assets of $7.4M (revenue -34.5% year-over-year).
- 2019: Revenue of $801K, expenses of $108K, and assets of $6.6M (revenue +63.3% year-over-year).
- 2018: Revenue of $490K, expenses of $119K, and assets of $5.8M (revenue -2.6% year-over-year).
- 2017: Revenue of $503K, expenses of $268K, and assets of $5.8M (revenue +34.7% year-over-year).
- 2016: Revenue of $374K, expenses of $267K, and assets of $5.2M (revenue -46.7% year-over-year).
- 2015: Revenue of $701K, expenses of $170K, and assets of $5.1M (revenue +15.4% year-over-year).
- 2014: Revenue of $608K, expenses of $180K, and assets of $4.8M (revenue +81.4% year-over-year).
- 2013: Revenue of $335K, expenses of $136K, and assets of $4.4M (revenue +97.1% year-over-year).
- 2012: Revenue of $170K, expenses of $124K, and assets of $3.9M (revenue -85.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $294K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Duluth Area Family Ymca Heritage Foundation Inc:
Data Sources and Methodology
This transparency report for Duluth Area Family Ymca Heritage Foundation 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.