Duluth Heritage Sports Center Foundation
EIN: 263455739 · Duluth, MN · NTEE: N11
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $45K |
| Net Assets | $8.4M |
Is Duluth Heritage Sports Center Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Duluth Heritage Sports Center Foundation
Duluth Heritage Sports Center Foundation (EIN: 263455739) is a nonprofit organization based in Duluth, MN, classified under NTEE code N11. The organization reported total revenue of $120K and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duluth Heritage Sports Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Duluth Heritage Sports Center Foundation is a small nonprofit that has been operating for 6 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of -15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $45K |
| Surplus / Deficit | +$29K |
| Total Assets | $8.4M |
| Total Liabilities | $4K |
| Net Assets | $8.4M |
| Operating Margin | 38.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 2213.7 months |
Financial Health Grade: A
In 2023, Duluth Heritage Sports Center Foundation reported a surplus of $29K with revenue exceeding expenses, holds 2213.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 15 years of filings (2009–2023), Duluth Heritage Sports Center Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +114.0% | +0.5% |
| 2022 | +41.7% | +349.9% | +0.3% |
| 2021 | -40.7% | -86.6% | +0.4% |
| 2020 | +40.8% | -57.8% | -0.1% |
| 2019 | -98.4% | +170.9% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Duluth Heritage Sports Center Foundation 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 Duluth Heritage Sports Center Foundation 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 surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Duluth Heritage Sports Center Foundation
Is Duluth Heritage Sports Center Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Duluth Heritage Sports Center Foundation (EIN: 263455739) insufficient data. 0 red flags identified, 0 strengths noted.
How does Duluth Heritage Sports Center Foundation spend its money?
Detailed spending breakdown data is not yet available for Duluth Heritage Sports Center Foundation. Check back for updated IRS 990 analysis.
Are donations to Duluth Heritage Sports Center Foundation tax-deductible?
Duluth Heritage Sports Center Foundation is registered as a tax-exempt nonprofit (EIN: 263455739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Duluth Heritage Sports Center Foundation located?
Duluth Heritage Sports Center Foundation is headquartered in Duluth, Minnesota and files with the IRS under EIN 263455739. It is classified under NTEE code N11.
How many years of IRS 990 filings does Duluth Heritage Sports Center Foundation have?
Duluth Heritage Sports Center Foundation has 15 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 $120K in total revenue.
Filing History
IRS 990 filing history for Duluth Heritage Sports Center Foundation showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Duluth Heritage Sports Center Foundation's revenue has declined by 90.9%, moving from $816K to $74K. Total assets increased by 925.1% over the same period, from $815K to $8.4M. Total functional expenses rose by 13507.8%, from $333 to $45K. In its most recent filing year (2023), Duluth Heritage Sports Center Foundation reported a surplus of $29K, with revenue exceeding expenses. The organization holds $4K in liabilities against $8.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $45K | $8.4M | $4K | — | View 990 |
| 2022 | $51K | $21K | $8.3M | $0 | — | View 990 |
| 2021 | $36K | $5K | $8.3M | $5K | — | — |
| 2020 | $60K | $35K | $8.3M | $5K | — | View 990 |
| 2019 | $43K | $83K | $8.3M | $40K | — | View 990 |
| 2018 | $2.7M | $31K | $8.3M | $0 | — | View 990 |
| 2017 | $10K | $59K | $5.6M | $0 | — | View 990 |
| 2016 | $196K | $95K | $5.7M | $0 | — | View 990 |
| 2015 | $1.3M | $412K | $5.6M | $0 | — | View 990 |
| 2014 | $215K | $297K | $4.7M | $2K | — | View 990 |
| 2013 | $1.2M | $94K | $4.8M | $0 | — | View 990 |
| 2012 | $2.1M | $86K | $3.7M | $0 | — | View 990 |
| 2011 | $122K | $995 | $1.7M | $0 | — | View 990 |
| 2010 | $784K | $290 | $1.6M | $0 | — | View 990 |
| 2009 | $816K | $333 | $815K | $285 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $45K, and assets of $8.4M (revenue +46.1% year-over-year).
- 2022: Revenue of $51K, expenses of $21K, and assets of $8.3M (revenue +41.7% year-over-year).
- 2021: Revenue of $36K, expenses of $5K, and assets of $8.3M (revenue -40.7% year-over-year).
- 2020: Revenue of $60K, expenses of $35K, and assets of $8.3M (revenue +40.8% year-over-year).
- 2019: Revenue of $43K, expenses of $83K, and assets of $8.3M (revenue -98.4% year-over-year).
- 2018: Revenue of $2.7M, expenses of $31K, and assets of $8.3M (revenue +27526.1% year-over-year).
- 2017: Revenue of $10K, expenses of $59K, and assets of $5.6M (revenue -95.0% year-over-year).
- 2016: Revenue of $196K, expenses of $95K, and assets of $5.7M (revenue -84.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $412K, and assets of $5.6M (revenue +484.5% year-over-year).
- 2014: Revenue of $215K, expenses of $297K, and assets of $4.7M (revenue -81.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $94K, and assets of $4.8M (revenue -45.1% year-over-year).
- 2012: Revenue of $2.1M, expenses of $86K, and assets of $3.7M (revenue +1629.4% year-over-year).
- 2011: Revenue of $122K, expenses of $995, and assets of $1.7M (revenue -84.4% year-over-year).
- 2010: Revenue of $784K, expenses of $290, and assets of $1.6M (revenue -3.8% year-over-year).
- 2009: Revenue of $816K, expenses of $333, and assets of $815K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Duluth Heritage Sports Center Foundation:
Data Sources and Methodology
This transparency report for Duluth Heritage Sports Center 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.