Heritage Charitable Research Tr
Heritage Charitable Research Tr maintains minimal operations with declining assets and no officer compensation.
EIN: 206499568 · Fulton, MS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $17K |
| Program Spending | 80% |
| Net Assets | $90K |
| Transparency Score | 65/100 |
Search Intent Cockpit
Heritage Charitable Research Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals
Heritage Charitable Research Tr is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heritage Charitable Research Tr in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $17K and expenses of $17K.
Revenue and Expenses
Heritage Charitable Research Tr reported $17K in revenue and $17K in expenses, a surplus of $5.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Heritage Charitable Research Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $13K (80%) |
Across stored filings, Heritage Charitable Research Tr shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Mending Hearts Youth Ranch Inc | Mississippi and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Mending Hearts Youth Ranch Inc →All Mississippi nonprofits
All Philanthropy
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Fulton, MS nonprofitsPhilanthropy in Mississippi
Public Benefit in Mississippi
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Philanthropy spending
Best Philanthropy charities in Mississippi
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Greenleaf Volunteer Fire Department
Coldwater, MS · $23K revenue · Score 95/100
Compare side-by-sideIntercessory Group Ministries And Outreach Services
Sardis, MS · $149K revenue · Score 92/100
Compare side-by-sideTogether Enhancing Autism Awareness In Mississippi Inc
Taylorsville, MS · $200K revenue · Score 90/100
Compare side-by-sideHabitat For Humanity International Inc
Booneville, MS · $0 revenue · Score 85/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Heritage Charitable Research Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Charitable Research Tr
Heritage Charitable Research Tr (EIN: 206499568) is a nonprofit organization based in Fulton, MS, classified under NTEE code T22. The organization reported total revenue of $185K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Charitable Research Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Charitable Research Tr is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $17K |
| Surplus / Deficit | +$5 |
| Total Assets | $90K |
| Total Liabilities | $1 |
| Net Assets | $90K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 65.7 months |
Financial Health Grade: A
In 2023, Heritage Charitable Research Tr reported a surplus of $5 with revenue exceeding expenses, holds 65.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Heritage Charitable Research Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.0% | +65.2% | +-0.0% |
| 2022 | +18.6% | -6.5% | -0.9% |
| 2021 | +8.3% | -1.0% | -3.1% |
| 2020 | +329.9% | -27.9% | -3.7% |
| 2019 | -72.3% | +26.5% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Heritage Charitable Research Tr 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Charitable Research Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable 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.
Red Flags
The following concerns were identified during AI analysis of Heritage Charitable Research Tr's IRS 990 filings:
- Consistent decline in assets over the past decade, from $126,609 in 2011 to $90,392 in 2023.
- Expenses frequently exceed revenue, indicating reliance on existing assets or inconsistent funding.
Strengths
The following positive indicators were identified for Heritage Charitable Research Tr:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains extremely low liabilities ($1 reported consistently), suggesting strong financial control over debt.
- Stable asset base, despite a declining trend, still provides a buffer for operations.
Frequently Asked Questions about Heritage Charitable Research Tr
Is Heritage Charitable Research Tr a legitimate charity?
Heritage Charitable Research Tr (EIN: 206499568) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $185K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Heritage Charitable Research Tr spend its money?
Heritage Charitable Research Tr directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heritage Charitable Research Tr tax-deductible?
Heritage Charitable Research Tr is registered as a tax-exempt nonprofit (EIN: 206499568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heritage Charitable Research Tr's spending goes to programs?
Heritage Charitable Research Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Charitable Research Tr compare to similar nonprofits?
With a transparency score of 65/100 (Good), Heritage Charitable Research Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Charitable Research Tr located?
Heritage Charitable Research Tr is headquartered in Fulton, Mississippi and files with the IRS under EIN 206499568. It is classified under NTEE code T22.
How many years of IRS 990 filings does Heritage Charitable Research Tr have?
Heritage Charitable Research Tr has 10 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 $185K in total revenue.
What are the specific programs or research activities Heritage Charitable Research Tr conducts?
The provided data does not detail specific program activities. The NTEE code T22 suggests 'Research Institutes and/or Public Policy Analysis', but further information from their full 990 filing would be needed to understand their specific work.
How does Heritage Charitable Research Tr cover its expenses when revenue often falls short?
The organization appears to cover deficits by drawing down its asset base. For example, in 2021, revenue was $7,739 while expenses were $10,693, leading to a decrease in assets from $91,215 to $90,395 (a slight discrepancy in asset change vs. net loss, but the trend holds).
Is the organization's declining asset trend a concern for its long-term viability?
While assets have declined from $126,609 in 2011 to $90,392 in 2023, the organization still maintains a healthy asset-to-liability ratio. However, continued operation with expenses consistently exceeding revenue could eventually threaten its long-term viability if new funding sources are not secured.
Filing History
IRS 990 filing history for Heritage Charitable Research Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heritage Charitable Research Tr's revenue has grown by 71.9%, moving from $10K to $17K. Total assets decreased by 28.6% over the same period, from $127K to $90K. Total functional expenses rose by 11.2%, from $15K to $17K. In its most recent filing year (2023), Heritage Charitable Research Tr reported a surplus of $5, with revenue exceeding expenses. The organization holds $1 in liabilities against $90K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $90K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $17K | $90K | $1 | — | — |
| 2022 | $9K | $10K | $90K | $1 | — | View 990 |
| 2021 | $8K | $11K | $91K | $1 | — | — |
| 2020 | $7K | $11K | $94K | $1 | — | — |
| 2019 | $2K | $15K | $98K | $1 | — | View 990 |
| 2015 | $6K | $12K | $125K | $1 | — | View 990 |
| 2014 | $20K | $14K | $131K | $1 | — | View 990 |
| 2013 | $15K | $20K | $124K | $1 | — | View 990 |
| 2012 | $22K | $18K | $130K | $1 | — | View 990 |
| 2011 | $10K | $15K | $127K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $17K, and assets of $90K (revenue +80.0% year-over-year).
- 2022: Revenue of $9K, expenses of $10K, and assets of $90K (revenue +18.6% year-over-year).
- 2021: Revenue of $8K, expenses of $11K, and assets of $91K (revenue +8.3% year-over-year).
- 2020: Revenue of $7K, expenses of $11K, and assets of $94K (revenue +329.9% year-over-year).
- 2019: Revenue of $2K, expenses of $15K, and assets of $98K (revenue -72.3% year-over-year).
- 2015: Revenue of $6K, expenses of $12K, and assets of $125K (revenue -70.2% year-over-year).
- 2014: Revenue of $20K, expenses of $14K, and assets of $131K (revenue +38.7% year-over-year).
- 2013: Revenue of $15K, expenses of $20K, and assets of $124K (revenue -32.9% year-over-year).
- 2012: Revenue of $22K, expenses of $18K, and assets of $130K (revenue +124.8% year-over-year).
- 2011: Revenue of $10K, expenses of $15K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Charitable Research Tr:
Data Sources and Methodology
This transparency report for Heritage Charitable Research Tr 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.