Heralds Of The Gospel Foundation Inc
Heralds Of The Gospel Foundation Inc shows inconsistent revenue reporting and zero officer compensation across filings.
EIN: 200170689 · Houston, TX · NTEE: Q12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $1.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $491K |
| Transparency Score | 45/100 |
Is Heralds Of The Gospel Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heralds Of The Gospel Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Heralds Of The Gospel Foundation Inc
Heralds Of The Gospel Foundation Inc (EIN: 200170689) is a nonprofit organization based in Houston, TX, classified under NTEE code Q12. The organization reported total revenue of $5.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heralds Of The Gospel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heralds Of The Gospel Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 27.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$110K |
| Total Assets | $507K |
| Total Liabilities | $16K |
| Net Assets | $491K |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2022, Heralds Of The Gospel Foundation Inc reported a surplus of $110K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Heralds Of The Gospel Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +256.5% | +427.1% | +26.1% |
| 2021 | +31.3% | -29.4% | +53.3% |
| 2020 | -42.9% | -10.3% | -14.0% |
| 2019 | +463.3% | +285.3% | +74.7% |
| 2018 | -57.7% | -64.6% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Heralds Of The Gospel Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Heralds Of The Gospel Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with revenues exceeding $1 million in recent years and raises questions about how leadership is compensated or if this data is fully disclosed.
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 Heralds Of The Gospel Foundation Inc's IRS 990 filings:
- Significant discrepancy between 'Latest Revenue' and most recent filed revenue ($5,208,542 vs. $1,310,775).
- Consistent 0% officer compensation reported across all filings, which is atypical for an organization of this size.
- Lack of detailed expense breakdown in provided data, hindering analysis of spending efficiency.
Strengths
The following positive indicators were identified for Heralds Of The Gospel Foundation Inc:
- Consistent positive net assets in recent years (e.g., $506,782 in 2022).
- Growth in revenue from $87,031 in 2018 to $1,310,775 in 2022, indicating increased donor support.
Frequently Asked Questions about Heralds Of The Gospel Foundation Inc
Is Heralds Of The Gospel Foundation Inc a legitimate charity?
Heralds Of The Gospel Foundation Inc (EIN: 200170689) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $5.2M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Heralds Of The Gospel Foundation Inc spend its money?
Heralds Of The Gospel Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Heralds Of The Gospel Foundation Inc tax-deductible?
Heralds Of The Gospel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200170689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heralds Of The Gospel Foundation Inc CEO make?
Heralds Of The Gospel Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heralds Of The Gospel Foundation Inc's spending goes to programs?
Heralds Of The Gospel Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Heralds Of The Gospel Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Heralds Of The Gospel Foundation Inc is near average for NTEE category Q12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heralds Of The Gospel Foundation Inc located?
Heralds Of The Gospel Foundation Inc is headquartered in Houston, Texas and files with the IRS under EIN 200170689. It is classified under NTEE code Q12.
How many years of IRS 990 filings does Heralds Of The Gospel Foundation Inc have?
Heralds Of The Gospel Foundation Inc has 12 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 $5.2M in total revenue.
Why is there a significant discrepancy between the 'Latest Revenue' of $5,208,542 and the 2022 filing's reported revenue of $1,310,775?
This discrepancy suggests either a significant, unreported revenue event post-2022 filing or an error in the provided 'Latest Revenue' figure, impacting the assessment of the organization's current financial scale.
How are the organization's officers and key employees compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings, even as the organization's revenue has grown, is highly unusual and warrants further investigation into the compensation structure for its leadership.
What is the detailed breakdown of program, administrative, and fundraising expenses for Heralds Of The Gospel Foundation Inc?
Without a detailed breakdown of expenses beyond total expenses, it is challenging to accurately assess the organization's spending efficiency and how much directly supports its stated mission.
Filing History
IRS 990 filing history for Heralds Of The Gospel Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Heralds Of The Gospel Foundation Inc's revenue has grown by 1345.6%, moving from $91K to $1.3M. Total assets increased by 38.4% over the same period, from $366K to $507K. Total functional expenses rose by 3973.4%, from $29K to $1.2M. In its most recent filing year (2022), Heralds Of The Gospel Foundation Inc reported a surplus of $110K, with revenue exceeding expenses. The organization holds $16K in liabilities against $507K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $491K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.3M | $1.2M | $507K | $16K | — | View 990 |
| 2021 | $368K | $228K | $402K | $20K | — | View 990 |
| 2020 | $280K | $323K | $262K | $20K | — | View 990 |
| 2019 | $490K | $360K | $305K | $20K | — | View 990 |
| 2018 | $87K | $93K | $174K | $20K | — | View 990 |
| 2017 | $206K | $264K | $181K | $20K | — | View 990 |
| 2016 | $75K | $87K | $351K | $131K | — | View 990 |
| 2015 | $96K | $99K | $371K | $140K | — | View 990 |
| 2014 | $82K | $58K | $377K | $143K | — | View 990 |
| 2013 | $86K | $121K | $356K | $145K | — | View 990 |
| 2012 | $67K | $38K | $394K | $148K | — | View 990 |
| 2011 | $91K | $29K | $366K | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $507K (revenue +256.5% year-over-year).
- 2021: Revenue of $368K, expenses of $228K, and assets of $402K (revenue +31.3% year-over-year).
- 2020: Revenue of $280K, expenses of $323K, and assets of $262K (revenue -42.9% year-over-year).
- 2019: Revenue of $490K, expenses of $360K, and assets of $305K (revenue +463.3% year-over-year).
- 2018: Revenue of $87K, expenses of $93K, and assets of $174K (revenue -57.7% year-over-year).
- 2017: Revenue of $206K, expenses of $264K, and assets of $181K (revenue +174.8% year-over-year).
- 2016: Revenue of $75K, expenses of $87K, and assets of $351K (revenue -21.8% year-over-year).
- 2015: Revenue of $96K, expenses of $99K, and assets of $371K (revenue +17.1% year-over-year).
- 2014: Revenue of $82K, expenses of $58K, and assets of $377K (revenue -4.6% year-over-year).
- 2013: Revenue of $86K, expenses of $121K, and assets of $356K (revenue +27.2% year-over-year).
- 2012: Revenue of $67K, expenses of $38K, and assets of $394K (revenue -25.7% year-over-year).
- 2011: Revenue of $91K, expenses of $29K, and assets of $366K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heralds Of The Gospel Foundation Inc:
Data Sources and Methodology
This transparency report for Heralds Of The Gospel 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.