Faith Heritage School
Faith Heritage School: Stable Finances, Limited Public Transparency
EIN: 222188739 · Syracuse, NY · Updated: 2026-04-04
About Faith Heritage School
Faith Heritage School (EIN: 222188739) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $2.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Heritage School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faith Heritage School 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: 80%
- fundraising: 10%
According to IRS 990 filings, Faith Heritage School allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not publicly disclosed in the provided data, making a direct assessment impossible without Form 990 access.
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 Faith Heritage School's IRS 990 filings:
- Lack of easily accessible Form 990 filings raises concerns about public transparency.
- No clear breakdown of program, administrative, and fundraising expenses available in the provided data, requiring estimation.
Strengths
The following positive indicators were identified for Faith Heritage School:
- Consistent revenue generation over several years, indicating stable operations.
- Assets consistently exceed liabilities, suggesting financial health.
Frequently Asked Questions about Faith Heritage School
What does Faith Heritage School do?
Faith Heritage School is a nonprofit organization in the Unknown sector, located in Syracuse, New York. It is classified under NTEE code Unknown.
How much revenue does Faith Heritage School have?
Faith Heritage School reported total revenue of $2,667,959. Based on 12 IRS 990 filings on record.
What are Faith Heritage School's total assets?
Faith Heritage School holds total assets of $3,183,118 as reported in IRS 990 filings.
Where is Faith Heritage School located?
Faith Heritage School is based in Syracuse, New York.
What is Faith Heritage School's EIN?
Faith Heritage School's Employer Identification Number (EIN) is 222188739. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Faith Heritage School?
Faith Heritage School is classified under NTEE code Unknown (Unknown).
Is Faith Heritage School a registered 501(c)(3)?
Faith Heritage School appears in IRS records (EIN: 222188739). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Faith Heritage School file IRS Form 990?
Yes, Faith Heritage School has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Faith Heritage School's revenue in 2023?
In the 202306 filing period, Faith Heritage School reported total revenue of $2,271,055, total expenses of $2,014,996, and net assets of $2,785,886.
Is Faith Heritage School's revenue growing or declining?
Faith Heritage School's revenue is declining. Revenue went from $2,538,782 (202206) to $2,271,055 (202306), a -10.5% change. Based on 12 filings on record.
What is Faith Heritage School's most recent 990 filing?
The most recent IRS Form 990 filing for Faith Heritage School covers tax period 202306. It shows revenue of $2,271,055, expenses of $2,014,996, total assets of $2,785,886, and liabilities of $439,954.
How much does Faith Heritage School spend on programs vs administration?
Based on IRS 990 analysis, Faith Heritage School allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Faith Heritage School a trustworthy charity?
Based on AI analysis of IRS 990 data, Faith Heritage School appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Faith Heritage School?
The following concerns were identified: Lack of easily accessible Form 990 filings raises concerns about public transparency.. No clear breakdown of program, administrative, and fundraising expenses available in the provided data, requiring estimation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Faith Heritage School's strengths?
Positive indicators for Faith Heritage School include: Consistent revenue generation over several years, indicating stable operations.. Assets consistently exceed liabilities, suggesting financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Faith Heritage School compensate executives?
Executive compensation information is not publicly disclosed in the provided data, making a direct assessment impossible without Form 990 access. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' in the financial filings, does this indicate no fundraising costs or that fundraising costs are not separately itemized?
The 'c0%' likely indicates that fundraising costs are either negligible, absorbed into administrative expenses, or not separately reported as a distinct line item in the provided summary data. Without the full Form 990, it's difficult to ascertain the exact methodology.
How does the school's consistent revenue of approximately $2.0M - $2.6M compare to similar private schools in the Syracuse, NY area?
Without comparative data for other private schools in Syracuse, NY, it's challenging to definitively assess if Faith Heritage School's revenue is competitive or typical for its operational scale. This would require a market analysis of similar institutions.
Filing History
IRS 990 filing history for Faith Heritage School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Faith Heritage School's revenue has grown by 18.3%, moving from $1.9M to $2.3M. Total assets increased by 220.7% over the same period, from $869K to $2.8M. Total functional expenses rose by 10.6%, from $1.8M to $2.0M. In its most recent filing year (2023), Faith Heritage School reported a surplus of $256K, with revenue exceeding expenses. The organization holds $440K in liabilities against $2.8M in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.0M | $2.8M | $440K | — | — |
| 2022 | $2.5M | $2.2M | $2.4M | $360K | — | View 990 |
| 2021 | $2.5M | $2.0M | $2.2M | $432K | — | View 990 |
| 2020 | $2.3M | $2.1M | $1.9M | $642K | — | View 990 |
| 2019 | $2.0M | $2.0M | $1.5M | $409K | — | View 990 |
| 2018 | $1.8M | $2.0M | $1.2M | $199K | — | View 990 |
| 2017 | $2.2M | $2.0M | $1.4M | $211K | — | View 990 |
| 2016 | $2.1M | $2.0M | $1.2M | $221K | — | View 990 |
| 2015 | $2.0M | $1.9M | $1.1M | $233K | — | View 990 |
| 2014 | $1.9M | $1.9M | $1.1M | $291K | — | View 990 |
| 2013 | $2.1M | $2.0M | $1.1M | $344K | — | View 990 |
| 2012 | $1.9M | $1.8M | $869K | $490K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.0M, and assets of $2.8M (revenue -10.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.2M, and assets of $2.4M (revenue +2.2% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.0M, and assets of $2.2M (revenue +8.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.1M, and assets of $1.9M (revenue +12.8% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $1.5M (revenue +13.6% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.0M, and assets of $1.2M (revenue -17.2% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.0M, and assets of $1.4M (revenue +3.0% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $1.2M (revenue +7.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $1.1M (revenue +0.2% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $1.1M (revenue -7.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $1.1M (revenue +9.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $869K.
Data Sources and Methodology
This transparency report for Faith Heritage School 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.