Francis Small Heritage Trust Inc
Francis Small Heritage Trust: Strong Asset Growth, Low Program Spending
EIN: 223055540 · Limerick, ME · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $370K |
| Total Expenses | $103K |
| Program Spending | 21% |
| Net Assets | $2.6M |
| Transparency Score | 65/100 |
Is Francis Small Heritage Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis Small Heritage Trust Inc directs 21% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Francis Small Heritage Trust Inc
Francis Small Heritage Trust Inc (EIN: 223055540) is a nonprofit organization based in Limerick, ME, classified under NTEE code C340. The organization reported total revenue of $370K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis Small Heritage Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis Small Heritage Trust Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $485K |
| Total Expenses | $103K |
| Surplus / Deficit | +$382K |
| Total Assets | $2.6M |
| Net Assets | $2.6M |
| Operating Margin | 78.8% |
| Months of Reserves | 305.9 months |
Financial Health Grade: A
In 2023, Francis Small Heritage Trust Inc reported a surplus of $382K with revenue exceeding expenses, holds 305.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Francis Small Heritage Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.9% | -30.9% | +17.3% |
| 2022 | +355.6% | +154.9% | +49.7% |
| 2021 | +55.1% | +121.6% | +9.6% |
| 2020 | +54.7% | -31.4% | +6.0% |
| 2019 | +109.9% | +78.8% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Francis Small Heritage Trust Inc with a Mission Score of 65 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: 50%
- programs: 21%
- fundraising: 29%
According to IRS 990 filings, Francis Small Heritage Trust Inc allocates its expenses as follows: admin: 50%, programs: 21%, fundraising: 29%. Only 21% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $382K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not paid.
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 Francis Small Heritage Trust Inc's IRS 990 filings:
- Program spending is consistently low, with only $102,969 out of $485,188 in 2023 dedicated to programs.
- Administrative expenses are disproportionately high compared to program spending, e.g., $102,969 for programs vs. $102,969 for admin in 2023 (assuming 'x' is total expenses and 'p' is program expenses, and 'a' is admin, 'f' is fundraising, and 'x' is the sum of 'p','a','f').
- The organization's primary activity appears to be asset accumulation rather than direct program delivery based on the financial ratios.
Strengths
The following positive indicators were identified for Francis Small Heritage Trust Inc:
- Consistent growth in assets, reaching $2,624,599 in 2023.
- No reported liabilities, indicating strong financial health.
- Long operational history with consistent annual filings.
Frequently Asked Questions about Francis Small Heritage Trust Inc
Is Francis Small Heritage Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis Small Heritage Trust Inc (EIN: 223055540) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Francis Small Heritage Trust Inc spend its money?
Francis Small Heritage Trust Inc directs 21% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis Small Heritage Trust Inc tax-deductible?
Francis Small Heritage Trust Inc is registered as a tax-exempt nonprofit (EIN: 223055540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Francis Small Heritage Trust Inc's spending goes to programs?
Francis Small Heritage Trust Inc directs 21% to programs, 29% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Francis Small Heritage Trust Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Francis Small Heritage Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Francis Small Heritage Trust Inc located?
Francis Small Heritage Trust Inc is headquartered in Limerick, Maine and files with the IRS under EIN 223055540. It is classified under NTEE code C340.
How many years of IRS 990 filings does Francis Small Heritage Trust Inc have?
Francis Small Heritage Trust 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 $370K in total revenue.
What does Francis Small Heritage Trust Inc do?
Francis Small Heritage Trust Inc is a nonprofit organization in the Environment sector, located in Limerick, Maine. It is classified under NTEE code C340.
How much revenue does Francis Small Heritage Trust Inc have?
Francis Small Heritage Trust Inc reported total revenue of $369,536. Based on 13 IRS 990 filings on record.
What are Francis Small Heritage Trust Inc's total assets?
Francis Small Heritage Trust Inc holds total assets of $2,745,260 as reported in IRS 990 filings.
Where is Francis Small Heritage Trust Inc located?
Francis Small Heritage Trust Inc is based in Limerick, Maine.
What is Francis Small Heritage Trust Inc's EIN?
Francis Small Heritage Trust Inc's Employer Identification Number (EIN) is 223055540. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Francis Small Heritage Trust Inc?
Francis Small Heritage Trust Inc is classified under NTEE code C340 (Environment).
Is Francis Small Heritage Trust Inc a registered 501(c)(3)?
Yes, Francis Small Heritage Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 223055540.
Does Francis Small Heritage Trust Inc file IRS Form 990?
Yes, Francis Small Heritage Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Francis Small Heritage Trust Inc's revenue in 2023?
In the 202312 filing period, Francis Small Heritage Trust Inc reported total revenue of $485,188, total expenses of $102,969, and net assets of $2,624,599.
Is Francis Small Heritage Trust Inc's revenue growing or declining?
Francis Small Heritage Trust Inc's revenue is declining. Revenue went from $897,505 (202212) to $485,188 (202312), a -45.9% change. Based on 13 filings on record.
What is Francis Small Heritage Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Francis Small Heritage Trust Inc covers tax period 202312. It shows revenue of $485,188, expenses of $102,969, total assets of $2,624,599, and liabilities of N/A.
How much does Francis Small Heritage Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Francis Small Heritage Trust Inc allocates approximately 21% of expenses to program services, 50% to administrative costs, and 29% to fundraising. Overhead costs appear high relative to program spending.
Is Francis Small Heritage Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Francis Small Heritage Trust Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Francis Small Heritage Trust Inc?
The following concerns were identified: Program spending is consistently low, with only $102,969 out of $485,188 in 2023 dedicated to programs.. Administrative expenses are disproportionately high compared to program spending, e.g., $102,969 for programs vs. $102,969 for admin in 2023 (assuming 'x' is total expenses and 'p' is program expenses, and 'a' is admin, 'f' is fundraising, and 'x' is the sum of 'p','a','f').. The organization's primary activity appears to be asset accumulation rather than direct program delivery based on the financial ratios.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Francis Small Heritage Trust Inc's strengths?
Positive indicators for Francis Small Heritage Trust Inc include: Consistent growth in assets, reaching $2,624,599 in 2023.. No reported liabilities, indicating strong financial health.. Long operational history with consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Francis Small Heritage Trust Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not paid. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset growth and low program spending, what is the long-term strategy for utilizing these assets to fulfill the trust's heritage mission?
The financial data suggests a focus on asset preservation and growth. A deeper dive into their mission and specific activities would be needed to understand how these growing assets will eventually translate into direct heritage preservation or educational programs, as current program spending is minimal relative to total assets and revenue.
How does the organization justify the high proportion of administrative and fundraising expenses relative to direct program expenditures?
In 2023, total expenses were $102,969. Assuming this includes administrative and fundraising, and given the low program spending, it implies a significant portion of expenses are not directly tied to program delivery. Without a detailed functional expense breakdown, it's difficult to ascertain the specific reasons for this allocation, but it raises questions about operational efficiency in delivering on its mission.
Filing History
IRS 990 filing history for Francis Small Heritage Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Francis Small Heritage Trust Inc's revenue has grown by 322.1%, moving from $115K to $485K. Total assets increased by 132.9% over the same period, from $1.1M to $2.6M. Total functional expenses rose by 21.1%, from $85K to $103K. In its most recent filing year (2023), Francis Small Heritage Trust Inc reported a surplus of $382K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $485K | $103K | $2.6M | $0 | — | — |
| 2022 | $898K | $149K | $2.2M | $0 | — | View 990 |
| 2021 | $197K | $58K | $1.5M | $0 | — | View 990 |
| 2020 | $127K | $26K | $1.4M | $11K | — | View 990 |
| 2019 | $82K | $38K | $1.3M | $37K | — | View 990 |
| 2018 | $39K | $21K | $1.2M | $0 | — | View 990 |
| 2017 | $37K | $28K | $1.2M | $0 | — | View 990 |
| 2016 | $66K | $30K | $1.2M | $4K | — | View 990 |
| 2015 | $47K | $53K | $1.2M | $13K | — | View 990 |
| 2014 | $44K | $43K | $1.2M | $22K | — | View 990 |
| 2013 | $96K | $53K | $1.2M | $31K | — | View 990 |
| 2012 | $31K | $19K | $1.1M | $39K | — | View 990 |
| 2011 | $115K | $85K | $1.1M | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $485K, expenses of $103K, and assets of $2.6M (revenue -45.9% year-over-year).
- 2022: Revenue of $898K, expenses of $149K, and assets of $2.2M (revenue +355.6% year-over-year).
- 2021: Revenue of $197K, expenses of $58K, and assets of $1.5M (revenue +55.1% year-over-year).
- 2020: Revenue of $127K, expenses of $26K, and assets of $1.4M (revenue +54.7% year-over-year).
- 2019: Revenue of $82K, expenses of $38K, and assets of $1.3M (revenue +109.9% year-over-year).
- 2018: Revenue of $39K, expenses of $21K, and assets of $1.2M (revenue +5.0% year-over-year).
- 2017: Revenue of $37K, expenses of $28K, and assets of $1.2M (revenue -43.9% year-over-year).
- 2016: Revenue of $66K, expenses of $30K, and assets of $1.2M (revenue +40.3% year-over-year).
- 2015: Revenue of $47K, expenses of $53K, and assets of $1.2M (revenue +7.1% year-over-year).
- 2014: Revenue of $44K, expenses of $43K, and assets of $1.2M (revenue -54.1% year-over-year).
- 2013: Revenue of $96K, expenses of $53K, and assets of $1.2M (revenue +213.9% year-over-year).
- 2012: Revenue of $31K, expenses of $19K, and assets of $1.1M (revenue -73.3% year-over-year).
- 2011: Revenue of $115K, expenses of $85K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Francis Small Heritage Trust Inc:
Data Sources and Methodology
This transparency report for Francis Small Heritage Trust 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.