Haverhill Heritage Inc
Haverhill Heritage Inc consistently operates with a surplus and zero executive compensation, maintaining strong assets.
EIN: 20474092 · Haverhill, NH · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Total Expenses | $143K |
| Program Spending | 90% |
| Net Assets | $577K |
| Transparency Score | 92/100 |
Is Haverhill Heritage Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haverhill Heritage Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haverhill Heritage Inc
Haverhill Heritage Inc (EIN: 20474092) is a nonprofit organization based in Haverhill, NH, classified under NTEE code S20. The organization reported total revenue of $208K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haverhill Heritage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haverhill Heritage Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $143K |
| Surplus / Deficit | +$71K |
| Total Assets | $577K |
| Net Assets | $577K |
| Operating Margin | 33.1% |
| Months of Reserves | 48.3 months |
Financial Health Grade: A
In 2023, Haverhill Heritage Inc reported a surplus of $71K with revenue exceeding expenses, holds 48.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Haverhill Heritage Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.2% | +95.8% | -56.3% |
| 2022 | +11.5% | -19.5% | +243.8% |
| 2021 | -26.4% | +17.5% | -66.4% |
| 2020 | -36.6% | -49.8% | +7.2% |
| 2019 | +71.0% | +24.7% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
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 Haverhill Heritage Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Haverhill Heritage Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $71K, with revenue exceeding expenses.
Executive Compensation Analysis
Haverhill Heritage Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Haverhill Heritage Inc:
- Consistent financial surpluses (e.g., $214,079 revenue vs. $143,266 expenses in 202312).
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Strong and growing asset base, reaching $1,455,704 in the latest data.
- Minimal to no liabilities reported, demonstrating financial stability.
- Long and consistent IRS 990 filing history (14 filings), indicating good transparency and governance.
Frequently Asked Questions about Haverhill Heritage Inc
Is Haverhill Heritage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Haverhill Heritage Inc (EIN: 20474092) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Haverhill Heritage Inc spend its money?
Haverhill Heritage Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Haverhill Heritage Inc tax-deductible?
Haverhill Heritage Inc is registered as a tax-exempt nonprofit (EIN: 20474092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haverhill Heritage Inc's spending goes to programs?
Haverhill Heritage Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haverhill Heritage Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Haverhill Heritage Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haverhill Heritage Inc located?
Haverhill Heritage Inc is headquartered in Haverhill, New Hampshire and files with the IRS under EIN 20474092. It is classified under NTEE code S20.
How many years of IRS 990 filings does Haverhill Heritage Inc have?
Haverhill Heritage Inc has 14 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 $208K in total revenue.
Is Haverhill Heritage Inc a good charity?
Based on its financial data, Haverhill Heritage Inc appears to be a very good charity. It consistently operates with a surplus, has a strong asset base, and reports zero executive compensation, indicating efficient use of funds and volunteer leadership.
How does Haverhill Heritage Inc manage its finances?
The organization manages its finances prudently, consistently generating more revenue than expenses. For example, in 202312, revenue was $214,079 while expenses were $143,266, resulting in a significant surplus. This allows for asset growth and financial stability.
What is the trend in Haverhill Heritage Inc's assets?
Haverhill Heritage Inc's assets have shown significant growth and fluctuation over time, from $840,028 in 201512 to $1,455,704 in the latest data, with a notable increase to $1,318,331 in 202212 and $576,620 in 202312. This indicates a strong capacity to hold and potentially grow its financial resources.
Filing History
IRS 990 filing history for Haverhill Heritage Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Haverhill Heritage Inc's revenue has grown by 273%, moving from $57K to $214K. Total assets decreased by 33.2% over the same period, from $863K to $577K. Total functional expenses rose by 158.6%, from $55K to $143K. In its most recent filing year (2023), Haverhill Heritage Inc reported a surplus of $71K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $143K | $577K | $0 | — | — |
| 2022 | $156K | $73K | $1.3M | $21K | — | — |
| 2021 | $140K | $91K | $383K | $194 | — | View 990 |
| 2020 | $190K | $77K | $1.1M | $8K | — | — |
| 2019 | $300K | $154K | $1.1M | $15K | — | View 990 |
| 2018 | $176K | $124K | $880K | $9K | — | View 990 |
| 2017 | $129K | $120K | $851K | $9K | — | — |
| 2016 | $118K | $113K | $846K | $13K | — | View 990 |
| 2015 | $89K | $104K | $840K | $17K | — | View 990 |
| 2014 | $130K | $116K | $855K | $17K | — | View 990 |
| 2013 | $102K | $101K | $841K | $17K | — | View 990 |
| 2012 | $94K | $96K | $840K | $17K | — | View 990 |
| 2011 | $70K | $77K | $858K | $29K | — | View 990 |
| 2010 | $57K | $55K | $863K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $143K, and assets of $577K (revenue +37.2% year-over-year).
- 2022: Revenue of $156K, expenses of $73K, and assets of $1.3M (revenue +11.5% year-over-year).
- 2021: Revenue of $140K, expenses of $91K, and assets of $383K (revenue -26.4% year-over-year).
- 2020: Revenue of $190K, expenses of $77K, and assets of $1.1M (revenue -36.6% year-over-year).
- 2019: Revenue of $300K, expenses of $154K, and assets of $1.1M (revenue +71.0% year-over-year).
- 2018: Revenue of $176K, expenses of $124K, and assets of $880K (revenue +35.9% year-over-year).
- 2017: Revenue of $129K, expenses of $120K, and assets of $851K (revenue +9.3% year-over-year).
- 2016: Revenue of $118K, expenses of $113K, and assets of $846K (revenue +32.9% year-over-year).
- 2015: Revenue of $89K, expenses of $104K, and assets of $840K (revenue -31.5% year-over-year).
- 2014: Revenue of $130K, expenses of $116K, and assets of $855K (revenue +27.1% year-over-year).
- 2013: Revenue of $102K, expenses of $101K, and assets of $841K (revenue +9.1% year-over-year).
- 2012: Revenue of $94K, expenses of $96K, and assets of $840K (revenue +33.3% year-over-year).
- 2011: Revenue of $70K, expenses of $77K, and assets of $858K (revenue +22.3% year-over-year).
- 2010: Revenue of $57K, expenses of $55K, and assets of $863K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haverhill Heritage Inc:
Data Sources and Methodology
This transparency report for Haverhill Heritage 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.