Family Heritage Foundation Inc
Family Heritage Foundation Inc consistently allocates 75% of expenses to programs with no reported officer compensation.
EIN: 10638933 · Stone Mtn, GA · NTEE: B12 · Updated: 2026-03-27
Is Family 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 →
Family Heritage Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Heritage Foundation Inc
Family Heritage Foundation Inc (EIN: 10638933) is a nonprofit organization based in Stone Mtn, GA, classified under NTEE code B12. The organization reported total revenue of $545K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Heritage Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Heritage Foundation Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $508K |
| Total Expenses | $372K |
| Surplus / Deficit | +$137K |
| Total Assets | $327K |
| Total Liabilities | $12K |
| Net Assets | $315K |
| Operating Margin | 26.9% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Family Heritage Foundation Inc reported a surplus of $137K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Heritage Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | -16.1% | +76.1% |
| 2022 | +8.7% | +18.9% | -9.6% |
| 2021 | +24.6% | +2.6% | +120.3% |
| 2020 | +8.5% | -2.4% | +37.9% |
| 2019 | -4.6% | -15.3% | -18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Family Heritage Foundation Inc with a Mission Score of 90 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Family Heritage Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for 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 Family Heritage Foundation Inc:
- Strong program spending ratio (75% in 2023)
- Consistent revenue growth over the past five years (from $357,274 in 2019 to $508,479 in 2023)
- No reported officer compensation across all filings, indicating high efficiency in leadership costs
- Healthy asset growth and low liabilities, demonstrating sound financial management
- Consistent surplus of revenue over expenses in recent years
Frequently Asked Questions about Family Heritage Foundation Inc
Is Family Heritage Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Heritage Foundation Inc (EIN: 10638933) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Family Heritage Foundation Inc spend its money?
Family Heritage Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Heritage Foundation Inc tax-deductible?
Family Heritage Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10638933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Family Heritage Foundation Inc a good charity?
Based on the financial data, Family Heritage Foundation Inc appears to be a good charity. It consistently allocates a high percentage of its expenses (75% in 2023) to program services, maintains low liabilities, and has shown consistent revenue growth. The absence of reported officer compensation is also a strong positive indicator of efficiency and mission focus.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a positive upward trend, increasing from $357,274 in 2019 to $508,479 in 2023, indicating growing support and financial stability.
What is the organization's financial health based on its assets and liabilities?
Family Heritage Foundation Inc demonstrates strong financial health. Its assets have grown significantly from $67,642 in 2019 to $327,151 in 2023, while liabilities remain very low (e.g., $11,994 in 2023), indicating a healthy balance sheet and strong financial management.
Filing History
IRS 990 filing history for Family Heritage Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Heritage Foundation Inc's revenue has grown by 527.4%, moving from $81K to $508K. Total assets increased by 540.8% over the same period, from $51K to $327K. Total functional expenses rose by 459.2%, from $66K to $372K. In its most recent filing year (2023), Family Heritage Foundation Inc reported a surplus of $137K, with revenue exceeding expenses. The organization holds $12K in liabilities against $327K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $315K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $508K | $372K | $327K | $12K | — | — |
| 2022 | $525K | $443K | $186K | $7K | — | View 990 |
| 2021 | $483K | $373K | $206K | $9K | — | View 990 |
| 2020 | $388K | $363K | $93K | $7K | — | View 990 |
| 2019 | $357K | $372K | $68K | $7K | — | View 990 |
| 2018 | $374K | $439K | $83K | $7K | — | View 990 |
| 2017 | $359K | $346K | $144K | $3K | — | View 990 |
| 2016 | $304K | $248K | $160K | $33K | — | View 990 |
| 2015 | $179K | $137K | $84K | $3K | — | View 990 |
| 2014 | $111K | $123K | $0 | $2K | — | View 990 |
| 2013 | $107K | $107K | $54K | $3K | — | View 990 |
| 2012 | $81K | $79K | $54K | $3K | — | View 990 |
| 2011 | $81K | $66K | $51K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $508K, expenses of $372K, and assets of $327K (revenue -3.2% year-over-year).
- 2022: Revenue of $525K, expenses of $443K, and assets of $186K (revenue +8.7% year-over-year).
- 2021: Revenue of $483K, expenses of $373K, and assets of $206K (revenue +24.6% year-over-year).
- 2020: Revenue of $388K, expenses of $363K, and assets of $93K (revenue +8.5% year-over-year).
- 2019: Revenue of $357K, expenses of $372K, and assets of $68K (revenue -4.6% year-over-year).
- 2018: Revenue of $374K, expenses of $439K, and assets of $83K (revenue +4.2% year-over-year).
- 2017: Revenue of $359K, expenses of $346K, and assets of $144K (revenue +18.0% year-over-year).
- 2016: Revenue of $304K, expenses of $248K, and assets of $160K (revenue +70.3% year-over-year).
- 2015: Revenue of $179K, expenses of $137K, and assets of $84K (revenue +60.9% year-over-year).
- 2014: Revenue of $111K, expenses of $123K, and assets of $0 (revenue +3.8% year-over-year).
- 2013: Revenue of $107K, expenses of $107K, and assets of $54K (revenue +32.5% year-over-year).
- 2012: Revenue of $81K, expenses of $79K, and assets of $54K (revenue -0.3% year-over-year).
- 2011: Revenue of $81K, expenses of $66K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Heritage Foundation Inc:
Data Sources and Methodology
This transparency report for Family 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.