French Heritage Society Inc

Is French Heritage Society Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

French Heritage Society Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About French Heritage Society Inc

French Heritage Society Inc (EIN: 133100091) is a nonprofit organization based in New York, NY, classified under NTEE code Q210. The organization reported total revenue of $2.7M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of French Heritage Society Inc'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 French Heritage Society Inc with a Mission Score of 80 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, French Heritage Society 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.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported under different categories, requiring further scrutiny of the full 990 forms for complete transparency.

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 French Heritage Society Inc's IRS 990 filings:

• Significant expense volatility, particularly the large deficit in 2022 where expenses exceeded revenue by over $2.4 million.
• Consistent 0% officer compensation reported, which could indicate compensation is reported elsewhere or a lack of paid executive leadership, warranting further investigation.

Strengths

The following positive indicators were identified for French Heritage Society Inc:

• Long-term asset growth, from $1.39 million in 2014 to $2.48 million in 2023, demonstrating financial accumulation.
• Generally positive operating margins in most years, with revenues exceeding expenses in 8 out of 10 reported periods.
• Consistent filing history over 14 periods, indicating good compliance with IRS reporting requirements.

Frequently Asked Questions about French Heritage Society Inc

Filing History

IRS 990 filing history for French Heritage Society Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), French Heritage Society Inc's revenue has grown by 44%, moving from $1.4M to $2.0M. Total assets increased by 114.9% over the same period, from $1.2M to $2.5M. Total functional expenses fell by 11.9%, from $1.6M to $1.4M. In its most recent filing year (2023), French Heritage Society Inc reported a surplus of $548K, with revenue exceeding expenses. The organization holds $379K in liabilities against $2.5M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $2.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.0M, expenses of $1.4M, and assets of $2.5M (revenue +28.3% year-over-year).
• 2022: Revenue of $1.5M, expenses of $4.0M, and assets of $1.8M (revenue -26.3% year-over-year).
• 2021: Revenue of $2.1M, expenses of $1.6M, and assets of $4.3M (revenue +28.6% year-over-year).
• 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $3.8M (revenue -61.1% year-over-year).
• 2019: Revenue of $4.1M, expenses of $1.8M, and assets of $3.7M (revenue +81.7% year-over-year).
• 2018: Revenue of $2.3M, expenses of $2.5M, and assets of $1.6M (revenue +2.6% year-over-year).
• 2017: Revenue of $2.2M, expenses of $2.0M, and assets of $1.6M (revenue +39.6% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $1.7M (revenue -9.3% year-over-year).
• 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $1.7M (revenue -5.5% year-over-year).
• 2014: Revenue of $1.9M, expenses of $2.4M, and assets of $1.4M (revenue +33.7% year-over-year).
• 2013: Revenue of $1.4M, expenses of $1.1M, and assets of $1.3M (revenue -20.5% year-over-year).
• 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $1.3M (revenue +37.2% year-over-year).
• 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue -6.3% year-over-year).
• 2010: Revenue of $1.4M, expenses of $1.6M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for French Heritage Society 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.