Heather And John Picerne Foundation
EIN: 474840347 · Warwick, RI · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $402K |
| Net Assets | $3K |
Is Heather And John Picerne Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heather And John Picerne Foundation
Heather And John Picerne Foundation (EIN: 474840347) is a nonprofit organization based in Warwick, RI, classified under NTEE code T22. The organization reported total revenue of $253K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heather And John Picerne Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heather And John Picerne Foundation is a small nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $402K |
| Surplus / Deficit | +$566 |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: A
In 2023, Heather And John Picerne Foundation reported a surplus of $566 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Heather And John Picerne Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +111.5% | +111.0% | +23.6% |
| 2022 | +71.6% | +72.0% | -7.8% |
| 2021 | +13.3% | +15.1% | +5.8% |
| 2020 | -65.2% | -68.6% | +209.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heather And John Picerne Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heather And John Picerne Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $566, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Heather And John Picerne Foundation
Is Heather And John Picerne Foundation a legitimate charity?
Heather And John Picerne Foundation (EIN: 474840347) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. Total revenue: $253K. No red flags identified. Financial health grade: A.
How does Heather And John Picerne Foundation spend its money?
Heather And John Picerne Foundation reported $253K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heather And John Picerne Foundation tax-deductible?
Heather And John Picerne Foundation is registered as a tax-exempt nonprofit (EIN: 474840347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heather And John Picerne Foundation located?
Heather And John Picerne Foundation is headquartered in Warwick, Rhode Island and files with the IRS under EIN 474840347. It is classified under NTEE code T22.
How many years of IRS 990 filings does Heather And John Picerne Foundation have?
Heather And John Picerne Foundation has 5 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 $253K in total revenue.
Filing History
IRS 990 filing history for Heather And John Picerne Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Heather And John Picerne Foundation's revenue has grown by 42.9%, moving from $282K to $403K. Total assets increased by 272.6% over the same period, from $795 to $3K. Total functional expenses rose by 31.1%, from $307K to $402K. In its most recent filing year (2023), Heather And John Picerne Foundation reported a surplus of $566, with revenue exceeding expenses. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $402K | $3K | $1 | — | — |
| 2022 | $191K | $191K | $2K | $1 | — | View 990 |
| 2021 | $111K | $111K | $3K | $1 | — | — |
| 2020 | $98K | $96K | $2K | $1 | — | — |
| 2019 | $282K | $307K | $795 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $402K, and assets of $3K (revenue +111.5% year-over-year).
- 2022: Revenue of $191K, expenses of $191K, and assets of $2K (revenue +71.6% year-over-year).
- 2021: Revenue of $111K, expenses of $111K, and assets of $3K (revenue +13.3% year-over-year).
- 2020: Revenue of $98K, expenses of $96K, and assets of $2K (revenue -65.2% year-over-year).
- 2019: Revenue of $282K, expenses of $307K, and assets of $795.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heather And John Picerne Foundation:
Data Sources and Methodology
This transparency report for Heather And John Picerne Foundation 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.